Self Serve Laundromat for Sale with steady Cashflow!
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Steady CF with opportunity to grow.
Lease term negotiated for next 7 years with 2 five year renewal options. first two years well below market rents. Average rents less than $13/SF on average over the first 7 year term with a Cap on CAM!
Center will be updated and is in a heavily traveled corridor
Business has not utilized any Social Media or marketing dollars which is a quick way to increase awareness to help generate additional income.
Seller is my mother and I'm acting as her representative/Broker
Lease term negotiated for next 7 years with 2 five year renewal options. first two years well below market rents. Average rents less than $13/SF on average over the first 7 year term with a Cap on CAM!
Center will be updated and is in a heavily traveled corridor
Business has not utilized any Social Media or marketing dollars which is a quick way to increase awareness to help generate additional income.
Seller is my mother and I'm acting as her representative/Broker
About the Business
- Employees
- 1 Contractor
Cleaning company is the only hire - Facilities & Assets
- 22 washers
21 dryers
Many units are only a few years old. All in great condition.
CC machines
Two Coin changers
Easy to manage (30 min/week to collect)
Multiple other assets
Turn Key
7 years of Lease term with two 5 year options to extend
CAP on CAM for the first 7 years with reduced rent for the first 2 years. Average rent is less than $13/SF over the 7 year term! - Market Outlook / Competition
- Only one other Laundromat in town
Ample opportunity with two colleges offering off campus living along with your regulars as well as the opportunity to market and advertise which has not been done for the previous 9 years of ownership.
My mother owns the Laundromat and I am acting as her broker.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,000
- Rent
- $1,667 per month
- Lease Expiration
- 7/10/2033
About the Sale
- Seller Motivation
- Other interests
Listing Info
- ID
- 2539615
- Listing Views
Listing ID: 2539615 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 SaleMinnesota Businesses for SaleMinnesota Personal Product & Service Businesses for SaleMinnesota Coin Laundry & Laundromat Businesses for Sale
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