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This Business has been Sold!
Closing Date: 10/17/2016
Broker: Jay Goldman

Business for Sale Summary

Absentee-Run Coin Laundromat in Safe Harlem Area - 28032

Business Type: best deals!,absentee business,new to market,laundromats
Sold
Absentee-Run Coin Laundromat in Safe Harlem Area
On October 17th 2016, The Undersigned
Acted as the Advisor to the Deal
Jay Goldman
Jay Goldman Senior Broker
Servicing: Bronx County NY, Kings County NY, Nassau County NY, New York County NY, Queens County NY, Westchester County NY, CT, NJ
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1(877) 735-5224 to discover the difference that is Vested Business Brokers.

Financial Information (non-confidential)

General Information
Asking Price $180,000 Down Payment $180,000
Gross Revenues $182,000 Lease Remaining Register Free to View
Owner’s Cash Flow $60,000 Number of FT Employees Register Free to View

Financing

$180,000 Down and Seller financing may be made available to qualified buyers.

Business Description

Price Just Reduced -- Must-Sell this Absentee-Run Coin-Operated Laundromat in a Safe Harlem Neighborhood. It recently had all of its machines and electrical fixtures refurbished. There are 21 Wascomat washing machines: 10 single loaders ($2.50), 8 double loaders ($3.50), and 3 triple loaders ($5.25). There are 20 ADC dryers that are double stacked. Rent is only $2,600/month for 1,200 square feet and 9 years left on the lease. The landlord will give you a brand new lease with a full 10 years if you want. You can add wash & fold and pick up & delivery to increase sales and profits. Please be very discreet when you go to visit this location, as the employees do not know it's for sale. They will stay on if you'd like or you can replace them with your own family members to increase your income and add other services. Please call 1-877-735-5224 for further information.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.