A Property Management Strategy where we rent to Coin Operated Laundromat Franchises who are recession resilient.
Our Sponsor is the owner of Mini Maxi Self Storage (50k sq ft in Fayetteville, NC) and Coin Laundromat in Leland, NC. He has good credit and a net worth over $1.6 mill. He has two expansion projects for these locations underway and has identified four “Mega Store” Laundromat locations in North Carolina. Our total desired project funding is $1.25 mill where our stores will pay us a Franchise fee of 6% and rent at $16.50 /sq ft.