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Established 25+ Year Laundromat Location!

Bethlehem, PA (Northampton County)

Established 25+ Year Laundromat Location!
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Asking Price: $275,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $2,348 /Month

Established: N/A

Established 25+ Year Laundromat Location!

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Business Description

Laundromat for Sale Prime Bethlehem Location

Great opportunity to own an established 25+ year laundromat location that presently has modern front load coin-operated Maytag stainless steel washers and dryers. The atmosphere is bright and clean. The space is located in a high traffic shopping center that includes a Supermarket, State Wine & Spirits, Drug Store, and plenty of convenient parking. This laundromat was built out brand new in 2012. In 2018 new additions included a surveillance system, windows, door (with automatic lock and unlock feature which can be used remotely), storefront, and lighted exterior signage! Wash & fold and pick up/delivery service can be added to increase revenue along with extending hours of operation.

Features to Note:
• Established 25+ year Laundromat location
• Laundromat was built out brand new in 2012
• Maytag stainless steel front load washers (18) and dryers (22)
• Atmosphere is bright, clean and modern
• Located in a high traffic shopping center at the intersection of heavily traveled Schoenersville Road and Catasauqua Road with plenty of convenient parking
• Adjacent to many homes and many apartment complexes
• Located next to Lehigh Valley Hospital-Muhlenberg
• Neighboring tenants include a Supermarket, State Wine & Spirits, Drug Store, Sky Zone Trampoline Park, Florist, Tanning Salon, Medical Offices, various eateries including Subway, Italian and Chinese, and many others
• Long term 22 year lease that includes 7 years left plus three 5 year options
• Exclusive use rights and favorable lease terms
• Change Machine and Soap Vending Machine
• New windows, door, storefront, and exterior lighted signage installed in 2018
• Automatic door lock and unlock, can be controlled off site through a mobile app
• Surveillance system with access via internet and mobile app

Outstanding Reputation & Growth Opportunities:
• This business stands out for its reputation as a top laundromat in the area
• Very little competition
• Add income streams with wash & fold and pick up/delivery service
• Hours of operation can be extended for added income growth

Lease Information:
• Exclusive use for laundromat and wash and fold and allows for ancillary uses
• Lease expires in 2027 and has three 5 year renewal options
• Low base rent of $2,348 per month

Attached Documents


Detailed Information

Location:
Bethlehem, PA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,343
Lease Expiration:
8/31/2042
Growth & Expansion:
Outstanding Reputation & Growth Opportunities: • This business stands out for its reputation as a top laundromat in the area • Very little competition • Add income streams with wash & fold and pick up/delivery service • Hours of operation can be extended for added income growth
Support & Training:
Owner Willing to Train
Business Website:
http://WestgateMallLaundromat.com
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Business Listed By:
Karen Pittari

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