Super Busy Location,Low Rent of $2200+ Water@$700/mo.set (see notes)

Acworth, GA (Cherokee County)

Super Busy Location,Low Rent of $2200+ Water@$700/mo.set (see notes)
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Asking Price: $139,000

Cash Flow: $2,500

Gross Revenue: $6,500

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 1979

Super Busy Location,Low Rent of $2200+ Water@$700/mo.set (see notes)

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Business Description

Super busy location with huge potential to increase, many machines are being replaced with newer and bigger washers. Owner will either keep or sell, very easy to manage and very low expenses. Also, with only half the equipment working and until the newer equipment gets installed soon, the Laundromat's income is $6k to $7K/mo. with net of $2500-$3000/mo. with no effort. This Laundromat is 24 hrs and gets very busy after hours, weekends and on Mondays! New Owner owns other businesses and has no time to invest to increase sales!
Great Lease Terms and rates, shopping center will be painted with minor upgrades.
Water is set at $700/mo. until 2022, and goes up only $50 every 2 years.
Long term lease until 2022 with an additional 2(5) year options increasing at $100/ every 2 years and water $50/every 2 years!! Caps out at $950/mo. for water until year 2032 and Rent caps at $2800 in year 2032!!! Super Lease and great busy shopping center!

Detailed Information

Location:
Acworth, GA
Inventory:
Included in asking price
Employees:
0
Facilities:
Established Location located at the intersection of 2 major roads with high visibility and high traffic, 24 hours and has serious potential with a hands on operator. Can add wash and fold, vending machines and an unattended or keep unattended. Newer bigger washers being installed soon, a must see!
Competition:
2 other laundries in the area but this is the best location in the area and the only 24 hour operation. Has its own niche of customers! Can bring in many more with basic marketing!
Growth & Expansion:
Wash and fold and dry and wash and fold delivery can be offered with a hands on operator!
Support & Training:
1 -2 weeks
Reason for Selling:
Owner2 busy w/other businesses,no time to bring the store to the full potential
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(from currently available funds)
 
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CELINE ZEIDAN

Business Listed By:
CELINE ZEIDAN

Main Source Realty

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