Property Listing No Longer Available for Sale

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
UpdatedAugust 2nd, 2019
TypeOthers
Price$469,000
Building3,300 Sq. Ft.
Land0.11 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


Financials



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