This is a brand new laundry built in 2014. This laundry has the state of the art laundry. complete coinless electronic card system. Present owner has some commercial accounts. The laundry is open 7 days a week and the hours are 8:00am-8:00pm. The owner has spent over $450,000 which includes the purchase of new equipment and the total build out of the laundry. Remember Laundries built from the ground up takes few years to be profitable. If you started a new laundry expect some growing pains. This laundry just finished the growing pain and now is going to turn a profit.
There might be chance to assume the current buyer's loan. The original loan is for 10 years. Currently you are going into to 4th year. The end of this year your loan will accelerate on paying more principal than interest, which you are paying much more on principal.
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