Recession Proof Laundromat With Additional Real Estate Income 1887

SOLD!

Details

Business Description

Business with real estate being sold together located downtown in one of the fastest growing towns in Colorado.  Building listed at $450,000 generates 5.5% cap rate, leased to laundromat and another business.

Laundromat listed at $50,000 includes all equipment and returns $30k+/year (for full owner-operator.).  This profit is AFTER fair market rent is paid to same owner.  So real estate is supported by this business.

Current owner runs business remotely; a local manager is in place to oversee day-to-day operations (lockup, cash).  A separate company is used to clean facility. This is a great business for a person that lives in Larimer, Weld or Boulder County and can visit the building on occasion.  If the Owner chooses, they can keep more of the management fee by managing the business; they could also keep the cleaning fee.

This is the ONLY laundromat in an area serving population of 30K+ and growing rapidly with many apartments being built. Recession proof business with opportunity to grow revenues through improvements, added services and price increases.

Represented by Bill Scott. Tell me more about this business.

Disclaimer: All information contained herein has been provided by the subject company, or its agent, to Front Range Business, Inc. (FRB); and while believed to be correct, said information has not been verified. Accordingly, FRB makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that FRB shall not be liable in any way for any loss or injury suffered by said recipient in connection with the delivery by FRB of this information. At all times, FRB is an agent for the seller and not for the buyer, unless a specific agreement exists for FRB to act as the buyer’s agent.