The LAUNDRY CENTER OF CAPE COD

[Pages:7]CAREY COMMERCIAL, INC.

BUSINESS & INVESTMENT PROPERTY 146 MAIN STREET HYANNIS, MA 02601

Contact: Cecelia Carey 508-790-8900 Ext. 15

cecelia@

The

LAUNDRY

CENTEFRorOSFaCleA!P89E7

COD

Route 28

South

Yarmouth,

MA

02664

COIN OPERATED LAUNDRY CENTER

Immaculate laundry center featuring 30 washers and 30 dryers in a 3,600 SF facility built in 1994.

The location is surrounded by roughly 2,000 three season homes off popular south side beaches and is one of the most active tourism areas on the Cape. The current owners chose not to enter into the field of commercial accounts even though there are 3,000+ motel and hotel rooms within a five mile radius.

The site is on a corner location with frontage on two street and a total of 1.1 acres. It has an on-site water recycling system in addition to the private septic system. Municipal water services the site. The recycled water is cleaned through a multi-tank system

that incorporates ultra violet light cleansing.

EQUIPMENT, EMPLOYEES & OPPORTUNITY

Seller will offer training to new buyers post closing and available for consultations thereafter.

30 Washers / 30 Dryers using a token system. Several drop off accounts with local schools and businesses exist. Drop-off service is $1.35 per pound with a 12 pound minimum.

14

35lb Ipso washers

$5.00

12 18lb Huebsh washers $3.75

1

75lb Ipso washer

$9.50

3

50lb Ipso washers

$6.50

Each machine on the premise has a back up replacement motor.

The Laundry Center is run by 2-3 employees in the off season and 4-5 in the summertime.

There are 3 areas of opportunity for an owner operator purchaser; 1. expand the business to commercial accounts, 2. the presence of an owner operator will decrease overhead and 3. expand business operations to include dry cleaning drop off services.

The business has been a consistent money maker since it opened in 1994. It sits on a very visible corner location that is clean and bright and attracts a clientele that appreciates doing laundry in a clean, quiet and safe facility.

Open Monday thru Friday 7:30 AM to 8:00. Saturday & Sunday 7:30 to 5:00.

CAREY COMMERCIAL, INC.

BUSINESS & INVESTMENT PROPERTY 146 MAIN STREET HYANNIS, MA 02601

Contact: Cecelia Carey 508-790-8900 Ext. 15

cecelia@

Notice: Kindly respect that correspondence or communication of any form to the Laundry Center of Cape Cod, Inc. its owners, stockholders, employees, or professional services firms shall not occur until such time that prior written permission is granted by Carey Commercial, Inc. Such written permission will specify the person for contact. All correspondence shall be directed to Carey Commercial, Inc. Business & Investment Property. For further information contact: Cecelia Carey 146 Main Street, Hyannis, MA 02601 Phone: (508) 790-8900 Email: Cecelia@

NOTICE OF CONFIDENTIALITY Carey Commercial Business & Investment Property represents The Laundry Center of Cape Cod, Inc. on an exclusive basis. The information presented in this document is highly sensitive and confidential and is for use only by those who have signed a Confidentiality Agreement for the purpose of considering the business described therein for acquisition. This Confidential Business Review and the information presented shall be treated as Secret and Confidential and no part of it shall be disclosed to others, except as provided in the Confidentiality Agreement. The Confidential Business Review cannot be reproduced, duplicated or revealed, in whole or in part, or used in any other manner without the prior written permission of Carey Commercial Business & Investment Property or our Client Company . Should there be no interest in the business as an acquisition, the Confidential Business Review and all information shall be promptly returned to Carey Commercial., Inc.

DISCLAIMER The information contained in this Confidential Business Review, including but not limited to the executive summary, business description, corporate history, organization, facilities, and financial statements has been supplied by our Client. Carey Commercial Business & Investment Property has not audited or otherwise confirmed this information and makes no representations, expressed or implied, as to its accuracy or completeness or the conclusions to be drawn and shall in no way be responsible for the content, accuracy, and truthfulness of such information. By requesting the Confidential Business Review, the recipient acknowledges the responsibility to perform a due diligence review prior to any acquisition of or business combination with the Client Company.

THE INFORMATION PROVIDED HEREIN IS GATHERED FROM SOURCES WE DEEM RELIABLE. WE HAVE NO REASON TO DOUBT ITS ACCURACY BUT WE DO NOT GUARANTEE IT. BUYER SHOULD VERIFY ALL INFORMATION PRIOR TO SALE. YOU AND YOUR ADVISORS SHOULD CONDUCT A CAREFUL AND INDEPENDENT INVESTIGATION TO DETERMINE TO YOUR SATISFACTION THE SUITABILITY OF THE PROPERTY FOR YOUR NEEDS.

CAREY COMMERCIAL, INC.

BUSINESS & INVESTMENT PROPERTY 146 MAIN STREET HYANNIS, MA 02601

Contact: Cecelia Carey 508-790-8900 Ext. 15

cecelia@

The

LAUNDRY

CENTEFRorOSFaCleA!P89E7

COD

Route 28

South

Yarmouth,

MA

02664

Standard Dual Coin Changer Laundry Soap Dispenser Alarm System Private Manager's Office 1 Full Bath with Shower 1 Half Bath Concrete Slab Floor Electrical 400 amp circuit breakers / 208 Volt 3 Phase Ceramic Tile Floors Oversized Double Hung Windows Heat by Gas FHA Air Conditioning Roof: Asphalt Shingle 1994 Real Estate Taxes: $4,637.48

THE INFORMATION PROVIDED HEREIN IS GATHERED FROM SOURCES WE DEEM RELIABLE. WE HAVE NO REASON TO DOUBT ITS ACCURACY BUT WE DO NOT GUARANTEE IT. BUYER SHOULD VERIFY ALL INFORMATION PRIOR TO SALE. YOU AND YOUR ADVISORS SHOULD CONDUCT A CAREFUL AND INDEPENDENT INVESTIGATION TO DETERMINE TO YOUR

Property Location: 897 ROUTE 28

MAP ID: 41/ 46/ / /

Bldg Name:

State Use: 3220

Vision ID: 4430

Account # 0467500

CURRENT OWNER

rceTlODPeOsc.ription UTILITIES

THE LAUNDRY CENTER OF CAPE CO1 Level

2 Public Water

C/O LAUNDRY CTR OF CAPE COD IN 897 ROUTE 28

4 Gas 6 Septic

STRT./ROAD 1 Paved

SOUTH YARMOUTH, MA 02664 Additional Owners:

Other ID:

SUPPLEMENTAL DATA

28/ J001/ / /

VOTE

MISC

190

VOTE DATE

CHANGES

PRIVATE RO

BETTERMENTS

PLAN NUMBER885-B

Bldg #: 1 of 1

LOCATION 4 Bus. District

Sec #: 1 of

Description COMMERC. COM LAND COMMERC.

1 Card 1 of 1

CURRENT ASSESSMENT Code Appraised Value

3220 3220 3220

209,000 243,000

9,900

Print Date: 12/03/2014 17:13

Assessed Value

209,000 243,000

9,900

815 YARMOUTH, MA

VISION

ZIP CODE 2664 GIS ID: M_307414_823407

ASSOC PID#

Total

461,900

461,900

RECORD OF OWNERSHIP

THE LAUNDRY CENTER OF CAPE COD INC TR GOLIA GERALD E TR INVERNESS REALTY CORPORATION INC MANCINI VETRANA M TRS STANLEY THOMAS S

BK-VOL/PAGE

23020/ 25 18786/ 179 15360/ 116 9038/ 128

SALE DATE q/u v/i SALE PRICE V.C.

07/01/2008 U I

725,000 1C Yr. Code

07/01/2004 U I 07/12/2002 U I 02/05/1994 U I 02/04/1994 U I

650,000 1C 2014 3220 700,000 1C 2014 3220

90,000 1G 2014 3220 0 00

PREVIOUS ASSESSMENTS (HISTORY)

Assessed Value Yr. Code Assessed Value Yr. Code

209,000 2013 3220

209,000 2012 3220

243,000 2013 3220

243,000 2012 3220

9,900 2013 3220

9,900 2012 3220

Assessed Value

142,200 324,000

9,900

EXEMPTIONS Year Type Description

Amount

Total:

461,900 Total:

461,900 Total:

476,100

OTHER ASSESSMENTS

This signature acknowledges a visit by a Data Collector or Assessor

Code Description

Number

Amount Comm. Int.

NBHD/ SUB K/A

CAPE COD LAUNDRY I/A

Total: ASSESSING NEIGHBORHOOD

NBHD Name

Street Index Name

Tracing

NOTES

ACCESS FROM PINE GROVE RD

Batch

Permit ID

07-283 998111 997100

Issue Date

08/25/2006 03/02/1994 02/23/1994

BUILDING PERMIT RECORD

Type Description

Amount

Insp. Date % Comp. Date Comp. Comments

SD Shed

2,200 04/10/2009 100

8 X 12 SHED

200,000 07/27/1995 100

01/01/1995 LAUNDROMA

10,000 07/27/1995 100

01/01/1995 DEMO COTT

APPRAISED VALUE SUMMARY

Appraised Bldg. Value (Card) Appraised XF (B) Value (Bldg) Appraised OB (L) Value (Bldg) Appraised Land Value (Bldg) Special Land Value

Total Appraised Parcel Value Valuation Method:

209,000 0

9,900 243,000

0

461,900 C

Adjustment:

0

Net Total Appraised Parcel Value

461,900

Date

01/09/2014 04/10/2009 05/04/2004 07/27/1995

VISIT/ CHANGE HISTORY

Type

IS

ID Cd.

Purpose/Result

DK 00 Measur+Listed

KC BP Building Permit

GM 00 Measur+Listed

JF 00 Measur+Listed

B Use # Code

Use Description

1 322I STORE/SHOP M96 1 322I STORE/SHOP M96

Zone D Front Depth

Units

43,560 SF 0.09 AC

LAND LINE VALUATION SECTION

Unit

Acre

ST.

Price

I. Factor S.A. ADcisrce C. Factor Idx Adj.

Notes- Adj

8.43 1.0000 K 1D.0i0sc00 72,800.00 1.0000 K 1.0000

0.65 K 1.00 SHAPE/BUFFER 0.65 K 1.00

Special Pricing

S Adj

Fact Adj. Unit Price Land Value

1.00

5.48

1.00 47,320.00

238,700 4,300

Total Card Land Units:

1.09 AC Parcel Total Land Area: 1.09 AC

Total Land Value:

243,000

Property Location: 897 ROUTE 28

MAP ID: 41/ 46/ / /

Bldg Name:

Vision ID: 4430

Account # 0467500

Bldg #: 1 of 1 Sec #: 1 of

CONSTRUCTION DETAIL rcel DescriptioCnONSTRUCTION DETAIL (CONTINUED)

Element Cd. Ch.

Description

Element Cd. Ch.

Description

1 Card 1 of 1

Style

61

Dry Cln/Laundr

30

Model

96

Ind/Comm

Grade

03

Average

Stories

1

Occupancy

1

MIXED USE

32

Exterior Wall 1 25

Vinyl Siding

Code

Description

Percentage

Exterior Wall 2

322I STORE/SHOP M96

100

Roof Structure 03

Roof Cover 03

Interior Wall 1 05

Interior Wall 2

Interior Floor 1 11

Interior Floor 2

Heating Fuel 03

Heating Type 04

AC Type

03

Gable/Hip Asph/F Gls/Cmp Drywall/Sheet

Ceram Clay Til

Gas Forced Air-Duc Central

COST/MARKET VALUATION

Adj. Base Rate:

64.28

237,515

Net Other Adj:

0.00

Replace Cost

237,515

AYB

1994

FOP

60

112552 28

BAS

15

15

Bldg Use

322I

Total Rooms

Total Bedrms 00

Total Baths 0

STORE/SHOP M96

Heat/AC

01

Frame Type 02

Baths/Plumbing 02

Ceiling/Wall 05

Rooms/Prtns 02

Wall Height 10

% Comn Wall 0

HEAT/AC PKGS WOOD FRAME AVERAGE SUS-CEIL & WL AVERAGE

Dep Code Remodel Rating Year Remodeled

Dep %

Functional Obslnc External Obslnc Cost Trend Factor Condition % Complete Overall % Cond Apprais Val Dep % Ovr Dep Ovr Comment Misc Imp Ovr Misc Imp Ovr Comment Cost to Cure Ovr

Cost to Cure Ovr Comment

A

12 0

88 209,000 0 0 0

30

30

14

46

30

10 10

FOP 10

1100

22

OB-OUTBUILDING & YARD ITEMS(L) / XF-BUILDING EXTRA FEATURES(B)

Code Description Sub Sub Descript L/B Units Unit Price Yr Gde Dp Rt Cnd %Cnd Apr Value

PAV1 PAVING-ASPH

L 8,500 1.35

1995 0

75 8,600

SGN2 DOUBLE SIDE

L 20 35.00 1996 0

75 500

SHD1 SHED FRAME

L 96 8.00

2006 0

100 800

State Use: 3220 Print Date: 12/03/2014 17:13

Code BAS FOP

BUILDING SUB-AREA SUMMARY SECTION

Description

Living Area Gross Area Eff. Area Unit Cost Undeprec. Value

First Floor

3,600

3,600

3,600

64.28

231,408

Porch, Open, Finished

0

380

95

16.07

6,107

Ttl. Gross Liv/Lease Area:

3,600

3,980

3,695

237,515

C C AREY OMMERCIAL INC

BUSINESS AND INVESTMENT PROPERTY 508-790-8900

NON-DISCLOSURE AGREEMENT

RE: The Laundry Center of Cape Cod, Business & Real Estate Located in South Yarmouth, MA

Carey Commercial, Inc., 146 Main Street, Hyannis, MA as "Broker" has been authorized with respect to the offering for sale of the above referenced property to make available for review certain information concerning the financials of the business and real estate upon execution of this confidentiality agreement by the prospective purchaser.

("Prospective Purchaser") is interested in the possible purchase of the Business and Property and has the experience and financial capabilities to undertake a transaction of this magnitude. The information may include, without limitation, financial data including balance sheets, income and expense statistics and other financial data, the marketing presentation, documents, legal instruments, studies, brochures, computer output, and other materials all of the aforementioned information collectively referred to as "Informational Materials"). In this connection, "Informational Material" is furnished to Prospective Purchaser only on the condition that Prospective Purchaser agrees to treat the "Informational Material" confidentially as hereinafter provided. Therefore, as a prerequisite to furnishing this "Informational Material" Broker is prepared to provide the "Informational Materials" for the Prospective Purchaser's consideration in connection with the possible purchase of the Property subject to the following conditions:

1.

All "Informational Material" furnished to the Prospective Purchaser by Owner, remain the

property of Owner, will not be duplicated or used for any other purpose other than evaluating a

possible purchase of the Property. Therefore, Prospective Purchaser agrees to keep all

"Informational Material" (other than information which is a matter of public record or is

provided in other sources readily available to the public other than as a result of disclosure by

Prospective Purchaser) strictly confidential. If a purchase transaction is not consummated then

all "Informational Materials" will promptly, upon the request of Owner, be returned to Owner,

whether furnished before or after the date of this letter, without retaining copies thereof. If a

purchase transaction is not consummated Prospective Purchaser agrees not to make any of the

"Informational Material" available or disclose any of it's contents or the fact that discussions or

negotiations are taking place concerning a possible purchase of the Property, or any of the

terms, covenants, conditions, or other facts with respect to any such investment proposal to

any person and specifically to include Owner's staff, staff of other businesses, the staff and

representatives of the Home Office of the Franchise

2.

The "Informational Material" may be disclosed to the Prospective Purchaser's partners, legal

counsel and lenders (Related Parties), solely for the purpose of evaluating the purchase.

3.

The Potential Purchaser understands and acknowledges the Broker and Owner do not make any

representations or warranties as to the accuracy or completeness of the "Informational

Materials" and that the information used in the preparation of the "Informational Materials" was

furnished to Broker by others and has not been independently verified by Broker. Owner

expressly reserves the right, at their sole discretion, to reject any and all expressions of interest

or offers to invest in the Property from Prospective Purchaser, and/or to terminate discussions,

at any time with or without notice.

146 Main Street, Hyannis MA 02601

C C AREY OMMERCIAL INC

BUSINESS AND INVESTMENT PROPERTY

508-790-8900

Page 2

RE: The Laundry Center of Cape Cod, Business & Real Estate Located in South Yarmouth, MA

4.

Broker is acting as agent on the behalf of Seller (Seller's Agency). A Seller's Agent has duties as

defined by law to represent the Seller's interest in the sale of the Firm. This generally means a

duty to seek a sale, or exchange at the price and terms stated in the brokerage agreement or at

a price and terms acceptable to the seller or landlord; account for Seller funds; disclose all

information relevant to the transaction as required by law to the Seller and maintain the Client's

confidentiality.

5.

The Potential Purchaser acknowledges that the Property has not been publicly or otherwise

offered for sale and is subject to withdrawal from availability, change in offering price, prior

sale or rejection of any offer because of the terms thereof, lack of satisfactory credit references

of any Potential Purchaser, or for any other reason whatsoever, without notice. The Potential

Purchaser acknowledges that the Property is being offered without regard to race, creed, sex,

religion or national origin.

If in agreement with the foregoing, please return one original signed copy of the agreement to

"Broker": Chuck Carey, Carey Commercial Inc., 146 Main Street, Hyannis, MA 02601 508-790-8900 or

email to:

cjc@.

AGREED TO AND ACCEPTED:

By: ____________________________

Address:

Date:

____________________________ ____________________________ ____________________________ ____________________________

Company:________________________ E-Mail: __________________________ Phone:___________________________ Mobile Phone:_____________________

Amount Available for downpayment: $____________________________________ (required)

146 Main Street, Hyannis MA 02601

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