Hot Listing
Densely Located Laundromat With Property For Sale In Philadelphia
Business Description
HS Listing ID-66430
Annual Figures:
Gross Revenue: $440,000
Current Net Profit: $390,159
Laundromat Net Profit including rent expense & payroll expense: $273,742
Property Pro Forma: $81,000
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.
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
Annual Figures:
Gross Revenue: $440,000
Current Net Profit: $390,159
Laundromat Net Profit including rent expense & payroll expense: $273,742
Property Pro Forma: $81,000
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.
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
About the Business
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 4,500
About the Sale
- Seller Motivation
- Other business interests.
- Transition Support
- Yes.
Listing Info
- ID
- 2375619
- Listing Views
- 2696
Listing ID: 2375619 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
Businesses for SalePennsylvania Businesses for SalePennsylvania Personal Product & Service Businesses for SalePennsylvania Coin Laundry & Laundromat Businesses for Sale
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