Great location and profitable laundromat with net income of approx. $150,000 year,

This is a fully attended laundromat with 4 P/T workers covering the hours.

Owner is absentee and just handles the management (operations, schedules, etc.) and cash collections.

Store generates income from self serve, wash & fold, vending and gaming. The store has 5 legally permitted gaming stations.

Great rent of $2133 plus approx. $904 in CAM for total of $3,037 for 3200 sq ft with 19 years left on lease.

Busy and well maintained plaza with plenty of parking.

33 washers & 32 dryers. Approx. 1/2 of the equipment is 6 months old & 1/2 is 5 years old.

YES, 1/2 the equipment is NEW and the other 1/2 is Considered newer equipment - This is a big plus.

Store also has new water heater, floors and electric upgrades.

Store has Laundroworks card system.

Everything is here waiting for the next buyer to come in and run store with little if any capital improvements needed for a while.

$650,000 FIRM
Seller Financing available for $150,000 with $500,000 down.

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BROKER'S NOTE ON ABSENTEE: This store is truly run absentee but as a former laundromat owner and broker who does 20 plus laundromats a year, the more time you spend at a store and manage it, the better. Most times when you see absentee, it just means that the owner has no set hours working the store, BUT, they need to be there weekly checking inventory, collecting cash, checking on maintenance, reviewing operations, managing work flow, managing staff, etc. Thus, you should always plan and on being at any store, even if marketed as "Absentee" for 10-15 hours a week minimum. Just my 2 cents but there is so much misleading info on laundromats in Social Media today. I tell all of my clients, "Laundromats are always more work than you think." Great business but if time is a concern, it may not be right for you.