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2200 Seward Avenue

Bronx, NY 10473
  • $300,000
  • STATUS: Active
  • ON SITE: 16 Days
  • ID#: H6306807
Price Reduced
UPDATED: 162 min ago
$300,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Business Opportunity
County:
Area:

School Ratings & Info

School District:

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: $450,000 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

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© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Valley Realty. Data last updated: 2024-05-30T11:20:38.413.
www.thepaulaclarkgroup.com/homes/150486421
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2200 Seward Avenue Bronx, NY 10473

  • Price: $300,000
  • Status: Active
  • On Site: 16 Days
  • Updated: 162 min ago
  • ID#: H6306807
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Castle Hill Laundrymat
County:
Bronx
Area:
Bronx
School District:
City Of New York
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: $450,000 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
Interior Features

Cooling None Cooling YN No

Property Features

Business Name Castle Hill Laundrymat Current Use CommercialOther Inclusions A/C UnitsAir Filter SystemAlarm SystemCeiling FanDryerWasher Location Description First Floor MLSArea Minor 99 Operating Expense 2023 Property Sub Type Mixed Use Subdivision Name Castle Hill Laundrymat

Listing courtesy of Noel Cohen of Cohen and Cohen Consulting: 917-962-4962
© 2024 OneKey MLS. All rights reserved.


© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Valley Realty. Data last updated: 2024-05-30T11:20:38.413.
 
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