Listing ID: 66430

Business Overview

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

Business Owners: We represent qualified clients that are very interested in buying all types of businesses. If you have any interest in selling your business at this time or in the near future please contact me at info@hedgestone.com. Our buyers are already qualified and willing to invest their time and money toward a business like yours. All communications are kept STRICTLY CONFIDENTIAL.

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FOR INTERESTED PARTIES PLEASE CALL US AT (561) 593-3711

Financial

  • Asking Price: $1,250,000
  • Cash Flow: $340,000
  • Gross Revenue: $440,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: No
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Yes.

Purpose For Selling:

Other business interests.