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Laundromat Investment Property

Location  Pennsylvania,United States
Asking Price Range  $500K - $1.0M
Gross Revenues  $0
Net Profit / Cash Flow  $0
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  2005
Number of Employees  1 - 3
Relocatable  No
Number of Employees  1 - 3
Real Estate  Owned
Training  Yes.
Reason for Sale  Retirement.
Description  PRICE REDUCED! RMB Realty phone: (814) 444-9400. RMB Realty, is pleased to offer for sale Somerset County's premier self-service Laundromat. The offering includes the fee simple interest in a 2,770 sq. ft. laundromat facility with state-of-the-art equipment located on a one acre parcel on a busy state road. Investment highlights are as follows: - Located adjacent to one of Somerset's busiest intersections, with over 13,000 vehicles per day. - Laundromat opened in late 2005 and is Somerset County's premier self-service laundry. - High dollar facility with both volume and income growing steadily. - High quality equipment primarily consisting of Continental washers & dryers - X-Changer Laundry Card System throughout - Camera Surveillance System - Full one acre site, with 184' of frontage on Plank Road - All public utilities - Excess land behind the existing building has been graded and provides an opportunity for additional development. The offering provides an opportunity to acquire a successful laundromat for sale featuring lots of top line equipment, a growing top line and the ability to expand the operation by adding either wash and fold services or developing unused land in the rear of the site. Further, the property enjoys an excellent in-town location on a busy state highway and close by to many apartments. Zoning: C-1 General Commercial. The property enjoys an outstanding location at the edge of the main downtown commercial district just where it transitions from commercial to multifamily and single family residential homes. The location is ideal for a laundry as it provides quick and easy access both to the central-business district and to a densely populated area of multifamily and single family homes. Some of the larger surrounding residential complexes include: Somerset Mobile Home Park - 107 units, Laurel Village Apartments - 74 units, Highland Park Apartments - 46 units, Gub Group Apartments - 23 units, & Lynn Wood Apts.
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