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High ROI Laundromat & Apartments

Cole County, MO

High ROI Laundromat & Apartments
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Asking Price: $699,000

Cash Flow: $105,208

Gross Revenue: $135,980

EBITDA: N/A

FF&E: $170,000

Inventory: N/A

Established: 1920

High ROI Laundromat & Apartments

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Business Description

Over 40% ROI!

Turn-key Laundromat and apartment building with additional space for retail in the heart of the state’s capital city – Jefferson City, Missouri. Revenue sources include: 7 fully rented apartments with separate electric meters, Laundromat with all new Speed Queen equipment, vending & ATM revenue, additional space for growth or retail, plus an unfinished basement and garage. With a new roof, windows, gutters, siding, electric, plumbing, and more; this building should be set to rake in the money for years to come. Seller relocating next year for business, so his loss is your gain!
(Note: for 140K down, the remaining note would be 4005/mo which leaves a profit of $56,500/yr and gives the buyer a 41% Return On Investment!)

CC, coin, or phone payment App onsite for customers. Free Wifi, Big Screen TV, & security system 24/7.

Detailed Information

Location:
Cole County, MO
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The building was built in approx. 1920 and has been various apartments/retail over the years but recently was renovated as a laundromat. approx. 6900 sq. ft of space on just under 1 acres of land. 7 fully rented apartments, laundromat, unfinished basement, garage. The property is located at the east end of the city’s central business district, approximately six blocks east of the State Capitol building in a residential area. Residential units in the immediate area are primarily a mix of older single-family homes and older apartment buildings. Most of the units are leased with relatively few units being owner-occupied.
Competition:
Google shows six Dry Cleaners in the city that offer professional laundry services also but no self-service. One other self-serv. laundromats is shown approx. 3 miles away.
Growth & Expansion:
There is currently 500-600 sq. feet of space that could be used for retail, a custom wash/dry/fold business, mini-mart, salon, etc. Also, the basement is currently unused and could be used as paid tenant storage space or for dry cleaning expansion. There is also an unrented garage. Lastly, as each apartment interior is renovated, rental income will increase.
Reason for Selling:
Relocation
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Contact the Seller

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Laura Ruether

Business Listed By:
Laura Ruether

Transworld Business Advisors of Central Missouri

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Sponsoring Broker:
Chris Shoemaker

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