Sale Price Includes: The Real Estate, the entire Business Entity, all Equipment, and all Fixtures.
The Laundromat was built with brand new equipment three years ago. Located in a very high traffic and historically settled as well as diverse neighborhood. The total cost for the equipment, fixtures and installation was $700,000.00. The rental income alone would more than cover a bank loan on this purchase and the Laundromat income could easily provide for a very good living. The Laundromat income alone is $135,573.00 + Rental (lease) incomes $224,028.00 for a Total = $359,601.00 annually
There is a balance on the equipment that can be assumed if the Buyers choose to.
An immediate area for increasing sales and profits is by expanding the hours of operation so that 2nd shift workers can come in after work or 1st shift workers could come in before work
Cash flow (approximately): $135,573 on Laundromat + $224,028 (as provided by seller)
Total Sales: $296,353
Cash Flow: $135,573
Center R.E. Taxes $96,000, center size is approx 15,234 Sq.Ft., Plenty of parking. Individual unit rent details in profile.
Seller may discuss with experienced and qualified buyer.