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This is an established laundromat that was recently renovated . They shut it down and re-tooled 75% of the Machines. There are 23 washers that are original. The age is approximately 15 years old. 28% of income is wash & fold. These numbers are annualized and are super conservative forecasted projections as the stronger end of the year will bring those numbers up. Net profit is on par to do $227,816 for 2023 yr end. There is plenty of foot traffic & street parking. Keep in mind this is still relatively new store, so there’s plenty of room for growth.
Key points 24 hours but all infrastructure in place to to open/close automatically including lights and tv if needed... Payrange app New hvac rooftop plus split ductless ATM/vending new Money maker machines are new 40's, 60's and 55lbs dryers) High margin on vend prices, wnf, and pickup and delivery 20 years lease Lots of private parking.
Owner operator, seating for 16-20, street parking. Invested $49,000 to build out March 2023.
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