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Laundromat Investment Property
Location: United States -> Pennsylvania -> Somerset
Industry: Business Services > Laundry

Business Summary

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.


Asking Price Range:  $500K - $1.0M
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  2005
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Yes.
Reason For Selling:  Retirement.


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Laundromat Investment Property Photo 1 Laundromat Investment Property Photo 2 Laundromat Investment Property Photo 3

Print Listing Id: 70094354
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