Description Laundromat business available with a gross income of $57,000 and a consistent net income of $18,000 to the owner operator. The sale includes a long term ten year lease agreement at a modest rent cost. The sale includes Maytag equipment consisting of fifteen washers and ten dryers. Based on the asking price, required down payment and net income this business should supply a 20% return to the owner operator prior to debt service.
The building has a legal capacity for 22 customers, 1,500 square feet, on one main floor with basement. This retail business requires one part time employee who is unaware of the pending sale and expected to remain post closing. This business location has substantial municipal parking near to the facility. The business is operational seven days weekly with hours from 7:00 am to 10:00 pm. The business has a municipal certificate of occupancy to conduct service at this location.