Southeast Laundry

Business Opportunity for Sale
Catylist Listing ID: 30582965
Property Subtypes: Personal
Building Size (RSF): 2,400 SF
Sale Price: $250,000
Name of Establishment: South East Laundry
Year Business Established: 1980
Gross Revenue: $108,000 (Annual)
Cash Flow: $65,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: Cash or bank financing.
Last Updated: 3/11/2020

Overview / Comments

Well established South East Laundromat located within walking distance of apartment buildings and rental housing. This is an asset sale of the real estate, all laundromat equipment and the ongoing business operations. Excellent visibility on Lincoln Street with paved parking on 11,752 sf of land. Roof is approximately 8 years old and 2 air conditioners are the similar age. 150 gallon American Standard Hot Water Tank installed in 2015. Equipment includes 6 Speed Queen 45lb commercial washing machines, 7 Speed Queen 30lb commercial washing machines, 2 Milnor 45lb. washing machines, 22 front load Speed Queen driers, 19 top load Speed Queen driers, 9 folding tables, 2 change machines and 11 carts.

Additional Details

Nearest MSA: Wichita
County: Sedgwick
Industry Segment: Coin Laundry
Reason for Selling: Retirement
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $0
Real Estate Lease Description: Real Estate is owned.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,686 93,806 199,500
Median Age: 34.41 34.12 33.46
Households: 6,803 38,823 79,194

Contact

Photograph of Listing Agent

Rob Pestinger

Plaza Commercial Real Estate
KSCRE Member
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