245 SE G Street, Grants Pass, OR
Others for Sale - $469,000 - 3,300 Sq. Ft. on 0.11 acres
Property Info
CIMLS# | 1039250 |
Location 245 SE G Street Grants Pass OR 97526 | |
Updated | August 2nd, 2019 |
Type | Others |
Price | $469,000 |
Building | 3,300 Sq. Ft. |
Land | 0.11 acres |
Property Description
Rare Business Opportunity! The Rogue Cleaners Inc. business is for sale and is a turn key recession proof business with a long term proven track record. This Iconic Downtown Grants Pass Business has been a staple of the community since 1963. Conveniently located downtown this integrated coin operated laundromat with attendant, also offers wash, fold, press & dry cleaning service for the general public, local businesses, and instutional accounts. The current owners have operated the business since the 1980's and have gained a reputation of first class service second to none. The commercial grade washers, dryers, and dry cleaning machines are top of the line, the building has all the electrical and plumbing replaced and or updated. Revenues have grown over the years & the owners will train the new buyers and employees will stay. Current business model with a manager salary would give approx 30% NOI from $360,000 gross income. 20% cap rate recoups in 5 years. Income calculated Pro Forma. #G-6932