Owner Absentee Laundromat is located in a shopping center with lots of parking spots. Seller has a few other businesses that occupy all their time and energy. There is more potential for the new owner to improve the business.
Seller doesn’t provide any financials, No income No expenses will be provided, Only utility bills will be provided.
The size of the store is 4300 sqft, base rent $11,825 plus CAM $5,590 total $17,415 per month. Lease will be expired in 2030, annual increase is 3%.
This is owner absentee store and seller doesn’t have time to involve into the operating. There are 1 full time and 3 part time employees. There is one bathroom.
They provide wash and fold service but they charge a very low price. New owner has potential to increase the price and generate more income.
Open 7:00am to 8:30pm Monday to Friday, 6:30am to 8:30pm Saturday to Sunday.
There are 50 washers and 36 dryers.
If you are interested, contact with me for details, thanks.