The property for sale is a single-use laundromat located at 2323 West Colorado Avenue. The building is 1,408 square-feet on a 7,200 square-foot, C5 zoned lot. The asking sale price is $390,000. Currently, there are (5) single-load machines, (7) double-load machines, (1) triple-load machine, (1) quad-load machine, and multiple dryers. The building has sufficient square feet to allow a Buyer to double the current capacity.
The-majority-of the Seller’s annual revenue (approximately $90,000 per year) is generated from laundry services including coin-op (approximately $3,100 per month) and drop-off (approximately $3,400 per month) washing & drying. The Seller has a “clean” Phase 1 and Phase 2 environmental inspection report. There are no known adverse environmental issues.
Here’s the math: Gross sales ($90,000) – utilities ($16,800) – taxes ($3,915) – insurance ($2,100) – wages ($36,000) = $31,185 gross income before any debt service. $31,185/$390,000 = 8% ROI.
For a private showing and all the confidential financial details, contact Tim Leigh 719-337-9551 or Holly Trinidad 719-337-0999.