This is an established laundromat that was recently renovated. They shut it down and re-tooled 75% of the machines. There are 23 washers that are original. The age is approximately 15 years old. 28% of income is wash and fold.
These numbers are annualized and are super conservative forecasted projections, as the stronger end of the year will bring those numbers up. Net profit is on par with $227,816 for the 2023 year-end. There is plenty of foot traffic and street parking.
Keep in mind that this is still a relatively new store, so there’s plenty of room for growth.
