HS Listing ID-72086
Prime Residential Location| Fully Refurbished Equipment | Strong Growth Upside
Asking: $200,000
Size: 1,500 sq. ft. (+ 1,500 sq. ft. Basement)
Investment Highlights
Prime residential location with a dense, walkable customer base, surrounded by apartment complexes
Approximately 1,500 sq. ft. of retail space, plus a full basement of equal size (~3,000 sq. ft. total footprint)
Semi-absentee operation with one full-time employee managing day-to-day operations
18 refurbished ISPO washers
20 refurbished Dexter dryers
Established wash-and-fold service already generating revenue
Major recent capital improvements:
New water system
New air conditioning
Professionally cleaned and serviced dryer vents
Lean, efficient operating model:
Rent: ~$5,000/month (includes taxes and gas) 10-year lease in place (plus 5-year renewal option)
Utilities (water, electric, Wi-Fi): ~$1,648/month
Payroll: one full-time employee, ~$2,720/month
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
