Laundromat with real estate
Quick question - I have an opportunity to own a real estate with laundromat and two apartments on top ( 2 bhk and 1 bhk) generating around 7.5k month revenue ( with rental appt revenue) with 3.5k expenses. There is a big laundromat to the next block . Asking price is 600k . Does it make sense to even consider this. Making 4K net profit and possible big laundromat taking most of the customer.
I am not sure how to move forward or let this one go . ( I also have to hire someone to manage ) currently this is owner ran.