For Rent $395,000.00 - Hawaii - Leased
Hawaii Coin-Operated Laundromat – Cash Driven
Coin Operated Laundromat in a booming part of Hawaii
This full-service coin operated laundromat is largest on the island and has been in the same location for so long it has become a fixture in the community; they are the preferred supplier in this large market. They are conveniently located on a busy street, close to many customers and have plenty of free customer parking, a big plus in Hawaii. They are fully air conditioned, provide a comfortable, clean and safe environment for their customers, have a friendly, helpful staff and offer wireless connections including Netflix, video games and sell many food and drink items, as well as, a line of retail laundry products. They have almost 5 years left on their current lease and have an excellent relationship with their landlord.
Most of their revenues are in cash.
In addition to the coin-operated laundromat, they also offer
• a wide range of commercial laundry services for hotels, apartments, resorts and dorms which include delivery service;
• they provide a professional laundry management service, using laundry equipment the Business owns, for customers, like hotels, public service housing and retirement homes, etc. where the Business runs and maintains their customer’s guest laundry facilities to the highest standards, reduces the customer’s operating costs and provides a good source of additional revenue for their customers;
• a drop off / wash & fold laundry service; and,
• dry cleaning services, which is subcontracted.
In their 2,400 square feet space they have made a massive investment in washing and drying laundry machines, as well as, a full array of other tangible assets. They see good growth and profit opportunities in the coin laundry, increased retail sales, commercial laundry services and the laundry management services markets.
The current owners have owned the business for 16 years. This business is for sale on a total turnkey basis including all tangible and intangible assets.
This is a great opportunity to live and work in Hawaii.
- Included in asking price
- Real Estate:
- Building SF:
- Lease Expiration:
- Furniture, Fixtures, & Equipment (FF&E):
- Included in asking price
- They are conveniently located on a busy street, close to many customers and have plenty of free customer parking, a big plus in Hawaii. Status: Lease Monthly Rent: $5,880 $$2.45/sq. ft / month; $70,560 / yr.) plus GET + CAM No Percentage Rent Sq. Ft.: 2,400 Other: Current lease expires in 2023
- Limited direct competition
- Growth & Expansion:
- They see good growth and profit opportunities in the coin laundry, increased retail sales, commercial laundry services and the laundry management services markets.
- Support & Training:
- 2 weeks
- Reason for Selling:
- Raise capital for new investment