Densely Located Laundromat With Property For Sale In Philadelphia
Business Description
HS Listing ID-66430
Annual Figures:
Gross Revenue: $440,000
Current Net Profit: $340,159
Laundromat Net Profit including rent expense & payroll expense: $273,742
Property Pro Forma: $81,000
Expenses:
Property Tax: $3,000
Supplies: $5,200
Maintenance/Repair: $5,000
Property & Laundromat Insurance: $5,652
Phone/Internet/TV: $3,336
Water: $11,703
Electric: $6,371
Gas: $9,578
Estimated payroll for absentee owner (2 Employees): $71,416.80
Business & Property Highlights:
Property Overview
Mixed-Use Building: Spanning approximately 4,515 sq ft, this corner property combines commercial and residential spaces, offering both business and living opportunities.
Zoning: Designated as CMX-1 (Neighborhood Commercial Mixed-Use), allowing for low-impact, small-scale, neighborhood-serving retail and service uses in storefront buildings, as well as residential uses
Residential Units: Features two spacious apartments, each with 3 bedrooms and 1 bathroom. One unit is currently owner-occupied and will be vacated upon sale; the other is vacant and ready for immediate rental.
Recent Upgrades: The property has been enhanced with a new roof and three new water heaters, ensuring reduced maintenance costs and improved efficiency.
Laundromat Overview
Established Operation: A well-established laundromat equipped with 62 Maytag machines (30 washers and 32 dryers), catering to a loyal customer base.
Service Offerings: Provides self-service, wash & fold, and includes additional revenue streams from lottery sales and a slot machine.
Prime Location: Situated in a densely populated area with high foot traffic, maximizing visibility and customer accessibility.
Investment Highlights
Turnkey Opportunity: The sale includes both the property and the laundromat business, offering a seamless transition for the new owner.
Immediate Rental Income: With one residential unit ready for occupancy, there’s potential for immediate rental revenue.
Growth Potential: The combination of residential and commercial spaces provides diverse income streams and opportunities for business expansion.
Seller financing available with $350k down. The owner fully believes in the business and is now offering seller financing with favorable terms.
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
Annual Figures:
Gross Revenue: $440,000
Current Net Profit: $340,159
Laundromat Net Profit including rent expense & payroll expense: $273,742
Property Pro Forma: $81,000
Expenses:
Property Tax: $3,000
Supplies: $5,200
Maintenance/Repair: $5,000
Property & Laundromat Insurance: $5,652
Phone/Internet/TV: $3,336
Water: $11,703
Electric: $6,371
Gas: $9,578
Estimated payroll for absentee owner (2 Employees): $71,416.80
Business & Property Highlights:
Property Overview
Mixed-Use Building: Spanning approximately 4,515 sq ft, this corner property combines commercial and residential spaces, offering both business and living opportunities.
Zoning: Designated as CMX-1 (Neighborhood Commercial Mixed-Use), allowing for low-impact, small-scale, neighborhood-serving retail and service uses in storefront buildings, as well as residential uses
Residential Units: Features two spacious apartments, each with 3 bedrooms and 1 bathroom. One unit is currently owner-occupied and will be vacated upon sale; the other is vacant and ready for immediate rental.
Recent Upgrades: The property has been enhanced with a new roof and three new water heaters, ensuring reduced maintenance costs and improved efficiency.
Laundromat Overview
Established Operation: A well-established laundromat equipped with 62 Maytag machines (30 washers and 32 dryers), catering to a loyal customer base.
Service Offerings: Provides self-service, wash & fold, and includes additional revenue streams from lottery sales and a slot machine.
Prime Location: Situated in a densely populated area with high foot traffic, maximizing visibility and customer accessibility.
Investment Highlights
Turnkey Opportunity: The sale includes both the property and the laundromat business, offering a seamless transition for the new owner.
Immediate Rental Income: With one residential unit ready for occupancy, there’s potential for immediate rental revenue.
Growth Potential: The combination of residential and commercial spaces provides diverse income streams and opportunities for business expansion.
Seller financing available with $350k down. The owner fully believes in the business and is now offering seller financing with favorable terms.
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
About the Business
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 4,515
About the Sale
- Seller Motivation
- Other business interests.
- Transition Support
- Yes.
Listing Info
- ID
- 2412951
- Listing Views
Listing ID: 2412951 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
Businesses for SalePennsylvania Businesses for SalePennsylvania Personal Product & Service Businesses for SalePennsylvania Coin Laundry & Laundromat Businesses for Sale
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