Laundromat and Building
- Listing Id: 8035
- Broker Name: John Vassiliades
- Category: Dry Cleaners
- Asking Price: $525,000.00
- EBITDA: $62,355.00
- Real Estate: $900,000.00
- Cash Flow: $62,355.00
- Inventory: $1,000.00
- No. Of Full-Time Employees: N/A
- No. Of Part-Time Employees: N/A
- Gross Income: $193,400.00
- FF&E: $10,000.00
- Year Built: N/A
- Address: Click Here
- Zip Code: Click Here
- City: North Chicago
- State: IL
- Country: United States
- Tenancy: Single
- Occupancy: N/A
- Lot Size: N/A
- Available: Yes
Description
This ultra modern Coin Laundry and building is the pride of North Chicago. Besides the 3,500 SF Laundromat, this two story building also contains two 1500 SQ FT, 2 bedroom, 1 and 1 1/2 bath apartments and one small retail store/office. Pro Forma Gross income "as is" from business and Apartment rentals is approx. $193,400/ year. Pro Forma EBITDA income is approx. $62,355. There are 12 off street parking spaces in front of the building and a separate parking lot directly across the street. Price includes business, building and separate parking lot. The demographics in the area are conducive for supporting the laundry business. There are three separate HVAC systems. It is not sprinklered but it is all concrete and steel construction in good condition. WHEN VISITING THIS BUSINESS, PLEASE DO NOT SAY ANYTHING TO ANY EMPLOYEES, CUSTOMERS OR OWNERS. QUESTIONS WILL BE ANSWERED BY J. VASSILIADES & CO. THANK YOU IN ADVANCED FOR YOUR COOPERATION.
Financial Summary
N/A
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