NEW PRICE! LAUNDRYLAND, Laundromat and Building

Chicago, IL
listing image
Asking Price:$1,990,000
BUSINESS DESCRIPTION

All new Laundromat.

PRICE REDUCED! MAKE OFFER!
LAUNDRYLAND COIN/CARD LAUNDROMAT
3050 WEST DIVERSEY AVENUE, CHICAGO, IL

BUILDING, BUSINESS & EQUIPMENT
ASKING $1,990,000

ATTENTION, ALL QUALIFIED BUYERS!

Here is the opportunity that smart investors have been looking for and are rarely available. This 3,300 S.F. building is and has been the home of a very active laundromat since 1972. Recently purchased, it has been completely remodeled, floor to ceiling, including all new Dexter, state-of-the-art, washers (44) and double stack dryers (28). All the infrastructure has been completely replaced including all new plumbing which incorporates the latest “trough drainage system” behind the washers. The HVAC is all new and the interior lighting is all LED. The “Spider Wash” payment system incorporates payment by debit/credit card and well as coin and has a built-in paper trail to show all income from the washers and dryers. Parking is not a problem since there is a private 10 car parking lot directly behind this building. There is also metered street parking directly in front of this amazing laundry. Some of the other upgrades include new flat screen TVs, fully stocked vending machines, big box soap sales, video surveillance, and alarm system.

This is now the cleanest, most modern laundromat in this area offering a wide variety of services to meet all laundry needs. Since this is located on the near north side of Chicago, there is a tremendous opportunity for the drop-off wash-n-fold service to develop into a sizeable source of additional income. Pick-up and delivery of Wash-n-fold, using available online applications, is also potentially, another service that can be added and could develop into a major source of additional income.

There has only been two and a half months of operation since the complete renovation and the income is showing a promising increase from week to week. The current owner and developer is looking for a qualified buyer who is committed to continue developing this laundromat’s unlimited possibilities.
I am sure that this one will sell quickly, so send for additional information as soon as possible.

ACT NOW! Opportunities like this one are not easy to come by.


DETAILED INFORMATION
Location
Chicago, IL
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
3,300
Financing
Financing may be available for buyers with 35% down and good credit.
Reason for Selling
The owner/developer is consoladating his holdings.
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John
Vassiliades
J. Vassiliades & Company
John Vassiliades