PROPERTY INFO
Turnkey, Profitable Unattended Coin-Op LaundromatExcellent opportunity to acquire a well-established, highly efficient coin laundromat with a strong net operating income (NOI) of $35,000 per year, as per seller. Located in a busy strip mall condo unit, this clean, tight operation runs completely unattended with all machines in good working order.Key Features:Exceptional Lease: Water is included in the rent, meaning future sales growth directly translates to higher profit margins. The lease also includes a first right of refusal to purchase the real estate.Equipped with two new tankless water heaters installed within the last year. The water storage tank is a rental. Prime Location: Surrounded by apartment buildings and situated near major anchors like Costco, Walmart, and LCBO, ensuring high visibility.Ample parking available for customers.This straightforward, low-maintenance business offers immediate cash flow and significant growth potential. Perfect for hands-off investors or owner-operators. (id:4555)
