Now Available! Ellie's Spin 'N' Wash Laundromat

All new equipment!

ELLIE’S SPIN ‘N WASH LAUNDROMAT

Asking $1,540,000

If you are looking for a high-volume laundromat with all new equipment, look no further.          

Here is one that is in the far northeast side of Illinois. Currently, it is not being run as a 24hr. laundromat. Its hours are 6 AM to 1:30 AM. It has 53 new Dexter state-of-the-art washers and 27 new double stack Dexter state-of-the-art dryers. The Dexter Pay System allows laundry customers to pay for their laundry and track the cycle progress via their smartphone or they can also use coins.

This laundromat is housed in a 4000 S.F. building that has 10 years’ worth of very reasonable lease options. There is plenty of parking in the front, side and back of this well-located laundromat. The demographics are extremely favorable for the laundromat business. The reason for selling is that the owner lives over an hour away from this laundromat and wants to consolidate his holdings. Buyers seeking this opportunity will need a minimum of $750,000 for a down payment and good credit.  The balance can be financed from taking over existing loans or taking advantage of available financing.  Proof of funds will be necessary before detailed information will be disclosed. There are not too many laundromats that have this high of volume so you will want to investigate this one for sure.

Timing Is everything!