SOLD! ALBANY PARK COIN LAUNDRY

SOLD: ALBANY PARK COIN LAUNDRY GREAT PRICE: $175,000 3516 West Lawrence Ave. Chicago, IL 60625 Asking $175,000 or offer. This compact 2500 sf laundromat is in a dynamic North side area of Chicago. The owner is retiring after many years of operation. This is a turnkey operation. All systems are in place and ready for an investor. The laundromat is fully attended with a professionally trained staff available for new ownership. The washers and dryers are well maintained and are easy to operate. This store is in a densely populated area with many renters, which is ideal for a laundry operation. There is plenty of parking directly in front of this building, which includes a long-established and popular grocery store. Even though there are other laundromats in the area, few have parking directly in front the laundry. There is more than enough business for all. This very low asking price is based on the need for some remodeling some equipment upgrade including a newer water heater, HVAC unit and an additional coin changer. With new aggressive management, this laundromat could reach new heights in volume and profit. Currently, drop-off laundry is being offered and could be expanded to pick up and delivery to add yet another source of income. I would not rule out adding several gaming machines for added profit. A good website with an aggressive social media advertising campaign would go a long way in doubling the existing business volume. The owner is willing to train the new owner in the operation of this exciting business. Owner is looking for an all-cash buyer with good credit to qualify for the assumption of the lease. Proof of funds will be necessary when making offers. There are not too many good volume laundromats for sale on the north side of Chicago so do not let this opportunity pass you by. When visiting the laundry please be as discreet as possible and do not say anything to anyone there. Email you requests for information to john@laundrybroker.com. Hours: Status: Real Estate: 6 am to 10 pm SOLD No Lease Details: Rent: Store Size (Sq Ft): Term: $4850/mo. 2500 long term