Laundromat in Hard to Find Affluent Neighborhood-Fairfield County, CT
Asking Price: | $147,500 |
Gross Revenue: | $125,000 |
Cash Flow: | $45,000 |
Rent: | $3,000 |
Well appointed store in hard to find affluent neighborhood. Excellent location with 5 private parking spots in small parking lot shared by another business.
Store is run mostly unattended with exception of 1 part-time employee who does wash & fold for 20 hours a week (4 days a week at 5 hours).
Approx. 1200 sq. ft. at $3000 month rent. Cam runs an additional $500 for total of $3500.
7 years on lease(2 years on existing and a 5 year option). Years 1-2 at $3,000, Year 3 Option = $3500, Year 4 Option = $3600, Year 5 Option = $3700, Year 6 & 7 Option = $3700.
Approx. 17 washers & 12 dryers 20-25 years old.
This store is in ideal location and neighborhood to ramp up wash & fold business by adding staff and marketing.
Store has auto locks and auto-lights.
Priced firm at $150,000
CASH Offers only - No Financing
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