What the treasury owns.
Every business the treasury is evaluating, has funded, or operates. Status changes and capital releases are on-chain events from the AssetRegistry.
In diligence
Sourced, walked and being underwritten. It enters the AssetRegistry on-chain the moment governance proposes it.
Hell's Kitchen Laundromat
703 10th Ave (at 500 W 48th St), New York, NY 10036
A corner laundromat in a neighbourhood of pre-war walk-ups where almost nobody has a washer in the apartment. Demand does not move with the market: people wash clothes in a recession. Revenue is countable to the cent through the card reader, the machines are the asset, and no fund is bidding on a $60k storefront. The owner is retiring and his children do not want it, which is the only reason this is on offer at all.
No pre-sale, no allocation: the reserve fills from trading fees only.
- All-in target
- $75,000
- Projected net / mo
- $800
| Purchase price | Business, equipment and lease assignment | $60,000 |
| Closing + legal | SPV formation, attorney, landlord consent | $5,000 |
| Machine repairs | Two washers and a dryer out of service | $5,000 |
| Working capital | First two months of rent and utilities | $5,000 |
| Target | $75,000 |
- Format
- Drop-off, self-service, wash-dry-fold, same day
- Hours
- Attended daily, ~7am–9pm
- Revenue mix
- Coin + card self-service, plus per-pound drop-off
- Density
- Corner storefront, ~40k residents/sq mi, mostly walk-up buildings with no in-unit laundry
- Lease
- Assignable, term and rent under review
- Seller
- Owner-operator, retiring. Older; his children do not want to take over the business
- Contact
- We have spoken with the owner directly. Succession is the reason for the price, not the shop
In the registry
On-chain, from AssetRegistry.getAssets().