Coin Laundry (Adams) $25,000

"Asset Sale"

Laundry Asset Sale! 31 washers, 16 stack dryers, 3 single dryers. 1 Bill Changer, 2 Rowe Changer. 7 laundry carts. 2 TV, and camera system
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Net  minus 500
Gross $5800
DAYS / HOURS OPEN:  Open 7 Days, Open 8+ Hours/Day
FULLTIME EMPLOYEES:  0
LEASE EXPIRES:  05/31/25
PART TIME EMPLOYEES  1
ACTUAL RENT:  $2,700
LEASABLE SQFT:  1,394
Laundry Asset Sale! 31 washers, 16 stack dryers, 3 single dryers. 1 Bill Changer, 2 Rowe Changer. 7 laundry carts. 2 TV, and camera system
  • I noticed the Total Sales is $5800 and Expenses are $6300. This tells me it is a loss of $500. Yet this document states a Net Profit of $500. Can you help me understand this?
It's -$500, but these days due to COVID-19, it's break even
  • I noticed payroll at $600. What/who is this for? Is there a person that opens and closes the doors? Is there a cleaning crew that cleans up in the evening? Is this a business that requires an on site manager during business hours? 
attendant comes in to open, comes back various times throughout the day to clean, then to close up.  Attendant lives across the street.
  • I noticed the parking lot can use some cleaning up. Are there plans from the Landlord to make the parking lot look nicer? Paint parking spot lines, etc.?
Don't know.  Need to ask landlord, when it's time to assign the lease.
  • I was not able to see too much as the laundry mat was closed. Do the machines take credit/debit cards or only cash? Are the vending machines owned by the business or is there a vending service that takes care of them?

coin only for this laundry.  new owner can choose to install a card system to each machine.  owner owns all machine, except for the crane.​​

​Do not talk to the owner and employees.
​No Co-op brokering.

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