Go Back FridayAugust 15, 2014 — 12:00pm


Coin Operated/Cash Laundromat 

Near Annapolis  

Laundromat Business Opportunity: This includes the furniture, fixtures, equipment and business name to continue the turn key business established approximately 30 years ago.  It has been in operation as ongoing business for about 30 years. It has been well maintained and modernized over the years. Improvements to the unit include an store automated am and pm closing system in place for front door (doors automatically open and lock based on hours of operation) and a multi-camera remotely operated surveillance system, an updated bathroom, private office addition with separate entrance, updated plumbing & electrical and ceramic tile floor throughout.  There are numerous additional profit centers that can be added by a new owner. The buyer of the business will assume the existing $2,595/month rent with a 5 year term.  There are (2) five year options for a total of 15 years remaining on the lease.  The lease and other information is available by filling out a confidentiality agreement.

Included in sale of laundromat:

  • 22 jumbo Speed Queen washers
  • 20 dryers
  • Retail soap vending machine
  • 3 change machines
  • 6 folding tables
  • 8 laundry carts
  • 2 wall mounted TV's
  • 1 soda vending machine
  • 1 snack vending machine
  • 1 coin operated claw machine
  • 2 benches
  • Surveillance/camera system

Note: REAL ESTATE IS ALSO AVAILABLE.  The laundromat is owned by the owner of the strip center located at 183 Mayo Road.  The entire strip center is also going to be sold at auction on the same time and date as the laundromat; To be sold individually OR as an entirety.  The manner of sale will be announced at the auction.  The real property consists of a 5,482 +/- SF strip center on a 17,000 sq. ft. +/- lot.  Property consists of 3 retail stores with Potential Annual Gross Rental Income for the Shopping Center of $93,420.   Open the link for the full information about the Strip Center.  More information coming soon!


Summary of terms of sale for Laundromat:

6% Buyers Premium Added To The Hammer Price.  A deposit in the form of cash, cashier's check or certified check for $25,000 is due at the time and place of sale.  The difference to bring the deposit up to 10% is due Tuesday, August 19, 2014 by 4:00pm in the auctioneer's office, located at 908 York Road, Towson, MD 21204.  Closing is 30 days from the sale date.  If payment of the balance of the deposit or purchase price is not paid within the specified period, the deposit will be forfeited and the offering may be resold at the risk and expense of the defaulting purchaser. 

Payment: Immediate Payment Required. Alex Cooper Auctioneers accepts cash or certified checks as payment.  Personal checks and Credit Cards are not accepted, no exceptions.

CONDITION OF ITEMS SOLD: ALEX COOPER AUCTIONEERS SHALL NOT BE RESPONSIBLE FOR THE CORRECT DESCRIPTION, AUTHENTICITY, GENUINENESS OF, OR DEFECT IN ANY ITEM OR LOT AND MAKES NO WARRANTY IN CONNECTION THEREWITH.  NO ALLOWANCE WILL BE MADE OR SALE SET ASIDE ON ACCOUNT OF ANY INCORRECTNESS, ERROR IN CATALOGUING OR ANY IMPERFECTION NOT NOTED.  NO DEDUCTION WILL BE ALLOWED ON DAMAGED ARTICLES AS ALL ITEMS BEING EXPOSED FOR PUBLIC EXHIBITION ARE  AND ALL PROPERTY IS SOLD, "AS IS" WITH ALL FAULTS AND WITH NO GUARANTIES OR WARRANTIES OF ANY TYPE.   

 

Auction Agent: Scott Frank
c: 410-977-4712
o: 1-800-272-3145
Email: Scott@AlexCooper.com


Site updated on July 28, 2014 at 3:05 PM

Click Here For The Full Sale Terms In PDF Format


PLEASE NOTE
The information contained herein was obtained from sources deemed reliable, but is offered for informational purposes only. The Auctioneer, the Sellers, and their respective agents and representatives do not make any representations or warranties with respect to the accuracy of the information contained herein. Prospective purchasers are urged to make their own inspection.