Business Summary

Financials
Asking: $475,000
Included in the Asking Price:
Furniture, Fixtures & Equipment: $100,000
Real Estate: $450,000

Gross: $90,000
Cash Flow: $60,000

Summary Description
This Laundormat is coin op with no attendant.has automatic open and close door system and lights automatic shut off, with a security system. the income is around $50,000 + real estate income is $40,000 the operating expenses are:utilites $19,000 insurance $4,500, taxes $6,500, miscellaneous expense $3,000 net before mortgage payment is approximately $60,000 The apartment are modern each having propane gas heating system with there own hot water tank. Equipment 7 double stack Speed Queen dryers (14 pockets) 3 commercial Speed Queen Washes 40#, 3 Commerical Speed Queen washers 60#,9 commerical Speed Queen washers 20#, Hamilton bill changer, 6 row soap vending machine, 3 folding tables, 3 storage tanks 50 gallon each. 2 stain steel hot water tanks 230 gallonspropane tanks, Evo 99 eficiency boilier, 8000btu, 100 gallon hot water tank,

General Information
Employees: 0

Market Outlook
Competition: No competition in the area.

Growth and Expansion: During the summer months there are many campgrounds in the area that usd this laundromat

About the Sale
Financing: None
Support/Training: Will train the buyer in operating this coin op business.
Reason Selling: The owner has other larger property & business with larger income

Property Details