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Listed by Greg Lin • Better Homes Realty Group
$750,000
Est. payment /mo
0.74 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision None Available
MLS Listing ID PAPH2658274
Year Built 1940
Annual Tax Amount $29,512
Tax Year 2006
Lot Size 0.740 Acres
Acres 0.74
Property Sub-Type Retail
Source BRIGHT
Property Description
BUSINESS ONLY SALE – ESTABLISHED LAUNDROMAT NEAR UNIVERSITY CITY / UPENN
Rare opportunity to acquire an established, large-scale laundromat business in a highly desirable West Philadelphia location near the University of Pennsylvania and University City. Business and assets only – real estate is NOT included in the sale. The buyer will assume/take over the existing lease, subject to landlord approval and lease terms.
The approximately 6,000 SF laundromat offers an impressive operation with 100+ commercial washers and dryers, providing substantial capacity to serve the surrounding residential community, students, faculty, staff and neighborhood customers. The property also offers the benefit of large customer parking lots, an important amenity for a laundromat business and a significant convenience for customers handling larger loads.
The sale includes the business equipment, laundry equipment, fixtures and goodwill, providing an incoming owner with the opportunity to step into an established operation rather than start from scratch. The business has demonstrated strong cash flow, and the current owner is offering the business for sale due to retirement.
Situated in the University City/West Philadelphia area, the location benefits from a dense surrounding population and proximity to major educational institutions, residential neighborhoods and public transportation. University City is home to major institutions including the University of Pennsylvania and Drexel University, creating a substantial customer base in the surrounding area.
This is an excellent opportunity for an experienced laundromat operator, investor or entrepreneur seeking an established, cash-flowing business with significant existing equipment, a large footprint, abundant parking and an established customer base.
BUSINESS SALE ONLY – REAL ESTATE NOT INCLUDED. Buyer to assume/take over lease. Sale is subject to landlord approval and applicable lease terms. Financial information, equipment list and additional business details available to qualified buyers upon execution of a confidentiality agreement and/or proof of funds, as appropriate.
Rare opportunity to acquire an established, large-scale laundromat business in a highly desirable West Philadelphia location near the University of Pennsylvania and University City. Business and assets only – real estate is NOT included in the sale. The buyer will assume/take over the existing lease, subject to landlord approval and lease terms.
The approximately 6,000 SF laundromat offers an impressive operation with 100+ commercial washers and dryers, providing substantial capacity to serve the surrounding residential community, students, faculty, staff and neighborhood customers. The property also offers the benefit of large customer parking lots, an important amenity for a laundromat business and a significant convenience for customers handling larger loads.
The sale includes the business equipment, laundry equipment, fixtures and goodwill, providing an incoming owner with the opportunity to step into an established operation rather than start from scratch. The business has demonstrated strong cash flow, and the current owner is offering the business for sale due to retirement.
Situated in the University City/West Philadelphia area, the location benefits from a dense surrounding population and proximity to major educational institutions, residential neighborhoods and public transportation. University City is home to major institutions including the University of Pennsylvania and Drexel University, creating a substantial customer base in the surrounding area.
This is an excellent opportunity for an experienced laundromat operator, investor or entrepreneur seeking an established, cash-flowing business with significant existing equipment, a large footprint, abundant parking and an established customer base.
BUSINESS SALE ONLY – REAL ESTATE NOT INCLUDED. Buyer to assume/take over lease. Sale is subject to landlord approval and applicable lease terms. Financial information, equipment list and additional business details available to qualified buyers upon execution of a confidentiality agreement and/or proof of funds, as appropriate.
Location
State PA
County Philadelphia
Area 19143 (19143)
Zoning C2
Interior
Hot Water Natural Gas
Heat Source Central
Exterior
Water Access N
Accessibility Level Entry - Main
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District The School District Of Philadelphia
Others
Tax ID 882847800
Ownership Leasehold
Special Listing Condition Standard
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Nearby School & Business
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