Turnkey Laundromat In High Traffic Location In Hampden County For Sale

Description

This is a well maintained owner operated laundromat located in a busy plaza in Hampden County, Massachusetts. The facility offers a large parking lot for customer convenience and has been fully upgraded with modern infrastructure. The asking price is four hundred ninety thousand dollars. The facility size is approximately two thousand square feet, to be confirmed by the owner. Current rent is two thousand seventy six dollars per month with a two percent annual increase. Common area maintenance is four hundred forty four dollars per month and includes taxes. There are three years remaining on the lease with two five year renewal options. The landlord is flexible and willing to negotiate with a well qualified tenant. Equipment and operations include a total of forty four units, all refurbished and put into service one and a half years ago. There are twenty three washers and twenty one dryers. Seventy five percent of machines are card operated and the rest are coin operated. All floors, electrical system, plumbing, roof, venting, and water heater are new. The business nets one hundred thousand dollars per year and grosses eight thousand five hundred dollars per week. Additional income streams include wash and fold services, with a few delivery accounts handled by the owner. A signed confidentiality agreement is required for the exact location.