Description

This well-established, profitable, East-Side coin-operated laundromat is located on an extremely busy main thoroughfare. The laundromat provides wash and fold and dry-cleaning drop-off service. An additional source of revenue to a new buyer is the possibility of Gaming at this location. Machines are available for a space lease but seller says, acquiring a Gaming license will increase net revenue significantly. Laundromat equipment includes 32 washing machines, 14 double-stacked dryers (28 total) and Three 50 pound dryers. 15 of the washing machines are top loaders and less than seven years old. Seller owns another laundromat listed for sale and will consider a discount for All Cash offer for both laundromats.

Leased location of 2,600 square feet with Base Rent of $3,241. Total Rent of $3,241 and Rent Deposits of $3,250. Lease Options: 1/6. $76,000 Leasehold Improvements. Seller is active in business with 3 full-time employees. Trading Hours: Monday-Sunday 7:30am-8:30pm. Other Assets: Grandfathered Gaming Location for 3 Gaming Machines.

Asking Price: $150,000

Posted Apr 18, 2016

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