Laundry with 6000 sf building
Business Description
This establishment is situated between North Philadelphia and Montgomery County, occupying a prominent corner lot in a densely populated area. Surrounded by numerous apartment complexes, it serves as a highly accessible laundromat for a large local population. The property features a standalone building with a dedicated parking lot capable of accommodating approximately 17 vehicles. The interior spans approximately 7,400 square feet, NO basement and 30 folding tables for sorting and organizing clothes. Developing this facility took approximately two years. The machinery alone cost over $1 million, bringing the total investment including construction costs to approximately $2.5 million. Although the current business owner invested heavily with the intention of building a thriving business, the sellers are now seeking to sell due to health issues. This presents an excellent opportunity for a new owner—particularly a buyer with a large family to step in and significantly boost revenue. Additionally, the absence of parking meters on the adjacent street allows for ample street parking to accommodate even more vehicles. The building owner and the business owner are different . The building owner has also expressed a willingness to sell the property itself for $1.4 million. Under the current lease agreement, the tenant pays $6,950 in monthly rent, covers 50% of the real estate taxes, maintains business insurance, and assumes responsibility for parking lot cleaning and snow removal. Conversely, the building owner covers the remaining 50% of the real estate taxes and pays 100% of the building insurance premiums; consequently, the building owner's total annual financial burden amounts to approximately $11,000. Currently, the facility includes an ATM, and all laundry machines both washers and dryers—can *only* be operated using a store-issued card; there are no coin slots. Consequently, by extending operating hours, actively promoting drop-off services, and installing gaming machines, you can generate substantial revenue. For this reason, the listed selling price is significantly lower than the actual cost incurred by the current owners to build out and furnish the space. Under no circumstances should you speak with the store owner, employees, or customers when visiting the premises to view the business.?T?he buyer can either purchase just the business and lease the premises from a separate landlord or ?t?he buyer can simultaneously purchase both the business and the building from their respective owners, breakdown: $1,390,000 for laundry business, $1,400,000 for real estate
About the Business
- Years in Operation
- 7
- Employees
- 5 (3 Full-time, 2 Part-time)
- Facilities & Assets
- Equipment Lists & others
78 Washers: 20LB:26, 45LB:28 , 60LB:19, 90LB:2
88 Dryers: 30LB:44 , 45LB:40, 75LB: 4
4 large TV, 30 Flod tables, 2 Card Machines , 1 office , 1 cashier register, 3 bathrooms
Real Estate
- Owned or Leased
- Leased
- Rent
- $6,950.00 per month
About the Sale
- Seller Motivation
- Health issue
- Transition Support
- 2 weeks
Listing Info
- ID
- 2510886
- Listing Views
Attached DocumentsAttachment Disclaimer
Listing ID: 2510886 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.
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