Income Producing Laundromat

Westminster, MD (Carroll County)

Income Producing
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Asking Price: $140,000

Cash Flow: $60,000

Gross Revenue: N/A

EBITDA: N/A

FF&E: $100,000

Inventory: N/A

Rent: $1,740 /Month

Established: 1975

Income Producing Laundromat

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Business Description

This 24hr Laundromat is a great opportunity to own a cash business with little commitment. The location is centrally located in the high volume 140 Village Shopping Center. Coin/Cash collections roughly twice per day. There are many security cameras with remote access to check through your phone. The inventory and equipment is included in the sale. New owner will assume the current Lease for the property. Currently over three and a half years left on the Lease with 2 - 5yr renewal options. This business has been in operation for 45yrs. Seller will train buyer for one week. Please call me for more details, photos and a property tour.

Detailed Information

Location:
Westminster, MD
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
20,000
Lease Expiration:
2/13/2023
Employees:
0
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
10 14LB SPEED QUEEN MODEL SWTT21W TOP LOAD COIN OPERATED WASHERS 4 20LB FRONT LOAD CONTINENTAL MODEL EH020CC COIN OPERATED WASHERS 6 30LB FRONT LOAD SPEED QUEEN MODEL SC30BC2 COIN OPERATED WASHERS 2 50LB FRONT LOAD IPSO MODEL WE233 COIN OPERATED WASHERS 12 30LB DOUBLE POCKET AMERICAN DRYER MODEL AD-333 STACK COIN OPERATED DRYERS 1 STANDARD CHANGE MAKER MODEL MC820DA BILL CHANGER ($1$5$10$20) 1 COIN OPERATED SOAP VENDOR 1 DIXIE NARCO SODA MACHINE 2 199,000 BTU AOSMITH MODEL BTH-199 HOT WATER HEATERS
Competition:
No competition in this shopping center but there are others in the area. A great positive is this shopping center is a high volume location with many shopping options while waiting on laundry.
Growth & Expansion:
There is always room to grow a business.
Support & Training:
Seller will train buyer for one week
Reason for Selling:
Other business interests
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Bruce D'Anthony

Business Listed By:
Bruce D'Anthony

Re/Max Advantage Commercial

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