$300,000
2200 Seward AVE Bronx, NY 10473
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$300,000
Est. payment /mo
Active
2200 Seward AVE Bronx, NY 10473
UPDATED:
06/28/2024 07:07 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Castle Hill Laundrymat
MLS Listing ID H6306807
Originating Board onekey
Rental Info No
Property Description
Number of Machines: 24 Washers, 23 Dryers | 47 Total Years in Business: Laundromat since 1993 (CHL open 1 year) Sqft: 2,000 Years Remaining on Lease: 9 years (Signed a 10 year lease with 5 year option) Annual Lease Increase: 3% increase in the first 5 years, 4% increase in the last 5 years Cost of Equipment: $350,000 Monthly Expenses Rent: $3,296 Water: $900 Electricity/Gas: $1,000 Insurance: $1,000 Internet/Phone: $165 Trash Fee: $109 Supplies: $500 Payroll: $5,000 Monthly Income Self-Service: $8,000 Wash & Fold + Delivery: $6,000 Product Sales: $500 Total Expenses: $12,000 Total Income: $14,500 Asking Price: $300,000 Terms: Cash deal, sold as is Highlights: ? Branded delivery app listed on App Store and Google Play offering lowest price per pound in NYC for delivery ? App shows how many machines are available so self-service customers can view how busy we are before entering store ? Doors open remotely at 6am every day so staff does not need to be there to open for self-service ? Highest rated laundromat in Castle Hill Area with 4.9 stars and 85+ reviews on Google ? Lowest priced laundromat in Castle Hill Area (5 other laundromats within 1 mile that are on average 15% more expensive on washer/dryer pricing ? Robust social media presence with website, mailchimp integration, and Google Ad campaigns ? Parking lot available with 2 entrances into the location ? Physical staff of 6 along with 2 virtual assistants to help run delivery business and 1 marketing virtual assistant
Location
State NY
County Bronx
Interior
Cooling None
Fireplace No
Schools
School District City Of New York
Others
Special Listing Condition None
Listed by Cohen and Cohen Consulting • 917-962-4962
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