Description
Commercially Successful Business with a Cap Rate of over 7% plus. This is a great opportunity to own and operate a successful, turn-key laundromat business as well as an excellent real estate opportunity along Highway 65 in downtown Cedaredge. Cedar Suds Laundry is a well maintained coin operated unattended laundromat. For sale is the real estate and business that in addition to the business space includes a 2 bed/1 bath apartment in the back of the building. The apartment is currently rented for $900/month. The laundromat was remodeled with new commercial flooring, paint, and lights in 2022. Both a motion detection security system is in place (maintained by Peak Alarm) and a camera video/audio surveillance system and DVR (independently installed and maintained) are in place for the laundromat business. Both can be controlled on-site or remotely via apps. Vending machines are available for customer purchases. A half bathroom for customer use is located at the back of the facility. There is a middle room between the apartment and laundromat which is currently used to house supplies for the business but which could be used for an attendant or developed for a wash/dry/fold service. All equipment is included with the sale. Cedar Suds Laundry is the only commercial laundromat in Cedaredge and draws customers from Delta City, Orchard City, Cedaredge, and Grand Mesa. More complete financials are available for serious buyers. The cozy and updated apartment was remodeled with new LVT flooring and paint in 2020. The apartment includes a refrigerator, stove, and window A/C unit. The apartment has a separate entrance accessed through an alleyway which includes 2 off-street parking spaces. It is in sight of the Grand Mesa Arts and Events Center and Cedaredge Mainstreet. It includes a small yard that is fenced with 6 wood pickets for privacy with stone decorative paving around the small porch. Laundromats were considered essential businesses during the pandemic, have a high success rate, and wide customer bases.
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0BEDS
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0.1ACRES
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1BATHS
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01/2 BATHS
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1,638SQFT
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$268$/SQFT
School Ratings & Info
Description
Commercially Successful Business with a Cap Rate of over 7% plus. This is a great opportunity to own and operate a successful, turn-key laundromat business as well as an excellent real estate opportunity along Highway 65 in downtown Cedaredge. Cedar Suds Laundry is a well maintained coin operated unattended laundromat. For sale is the real estate and business that in addition to the business space includes a 2 bed/1 bath apartment in the back of the building. The apartment is currently rented for $900/month. The laundromat was remodeled with new commercial flooring, paint, and lights in 2022. Both a motion detection security system is in place (maintained by Peak Alarm) and a camera video/audio surveillance system and DVR (independently installed and maintained) are in place for the laundromat business. Both can be controlled on-site or remotely via apps. Vending machines are available for customer purchases. A half bathroom for customer use is located at the back of the facility. There is a middle room between the apartment and laundromat which is currently used to house supplies for the business but which could be used for an attendant or developed for a wash/dry/fold service. All equipment is included with the sale. Cedar Suds Laundry is the only commercial laundromat in Cedaredge and draws customers from Delta City, Orchard City, Cedaredge, and Grand Mesa. More complete financials are available for serious buyers. The cozy and updated apartment was remodeled with new LVT flooring and paint in 2020. The apartment includes a refrigerator, stove, and window A/C unit. The apartment has a separate entrance accessed through an alleyway which includes 2 off-street parking spaces. It is in sight of the Grand Mesa Arts and Events Center and Cedaredge Mainstreet. It includes a small yard that is fenced with 6 wood pickets for privacy with stone decorative paving around the small porch. Laundromats were considered essential businesses during the pandemic, have a high success rate, and wide customer bases.
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This data was last updated: 2023-12-02T22:56:37.977.