Maytag Laundry: Mixed use - Laundromat, building and rentals

Asking Price$699,900

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

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Maytag Laundry: Mixed use - Laundromat, building and rentals


Asking Price$699,900

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

Business Description
This established mixed-use commercial property represents a compelling investment opportunity in Buffalo's Bailey-Lovejoy district. The asset comprises a neighborhood laundromat operation with 25 years of continuous service and a multi-unit residential component, positioned on a strategically located 0.20-acre corner lot.

Property Details:
• Total building area: 6,105 square feet
• On-site parking: 10 vehicles
• Freestanding corner location with high visibility

Laundromat Operations:
• Established 25-year operating history
• Weekly revenue range: $1,500-$2,200
• Limited local competition as primary neighborhood facility
• Recent capital investments include new Dexter dryers and Encore washers (March 2024)
• Additional equipment upgrades planned

Revenue Streams:
• Primary laundromat operations
• 4-bedroom apartment: $1,495/month
• Garage rental: $300/month
• Basement room rental: $100/week ($5,200 annually)
• Combined annual building revenue exceeds $120,000

Financial Performance:
• Projected capitalization rate: approximately 13%
• Multiple established income sources
• Strong in-place cash flow
• Demonstrated revenue stability

Growth Opportunities:
• Enhanced marketing and digital presence implementation
• Strategic pricing optimization
• Operational efficiency improvements
• Market expansion potential

This turnkey investment provides immediate cash flow through diversified revenue streams while offering significant value-enhancement opportunities. The combination of real estate ownership, established business operations, and multiple rental income sources creates a unique acquisition opportunity for investors seeking stable returns with upside potential in Buffalo's developing market.
About the Business
Market Outlook / Competition
Only laundromat in the neighborhood
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
6,105
About the Sale
Financing Options
Assumable, Cash, Commercial Loan
Listing Info
ID
2494511
Listing Views
177

Contact Seller

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Business Listed by: Shannon McNichol Nichol City Business Brokers

Listing ID: 2494511 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.