HS Listing ID-66430
Annual Figures:
Gross Revenue: $440,000
Current Net Profit: $340,159
Laundromat Net Profit including rent expense & payroll expense: $273,742
Property Pro Forma: $81,000
Expenses:
Property Tax: $3,000
Supplies: $5,200
Maintenance/Repair: $5,000
Property & Laundromat Insurance: $5,652
Phone/Internet/TV: $3,336
Water: $11,703
Electric: $6,371
Gas: $9,578
Estimated payroll for absentee owner (2 Employees): $71,416.80
Business & Property Highlights:
Property Overview
Mixed-Use Building: Spanning approximately 4,515 sq ft, this corner property combines commercial and residential spaces, offering both business and living opportunities.
Zoning: Designated as CMX-1 (Neighborhood Commercial Mixed-Use), allowing for low-impact, small-scale, neighborhood-serving retail and service uses in storefront buildings, as well as residential uses
Residential Units: Features two spacious apartments, each with 3 bedrooms and 1 bathroom. One unit is currently owner-occupied and will be vacated upon sale; the other is vacant and ready for immediate rental.
Recent Upgrades: The property has been enhanced with a new roof and three new water heaters, ensuring reduced maintenance costs and improved efficiency.
Laundromat Overview
Established Operation: A well-established laundromat equipped with 62 Maytag machines (30 washers and 32 dryers), catering to a loyal customer base.
Service Offerings: Provides self-service, wash & fold, and includes additional revenue streams from lottery sales and a slot machine.
Prime Location: Situated in a densely populated area with high foot traffic, maximizing visibility and customer accessibility.
Investment Highlights
Turnkey Opportunity: The sale includes both the property and the laundromat business, offering a seamless transition for the new owner.
Immediate Rental Income: With one residential unit ready for occupancy, there’s potential for immediate rental revenue.
Growth Potential: The combination of residential and commercial spaces provides diverse income streams and opportunities for business expansion.
Seller financing available with $350k down. The owner fully believes in the business and is now offering seller financing with favorable terms.
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
Ad#:2412951
