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This Business has been Sold!
Closing Date: 04/08/2016

Business for Sale Summary

Great Laundromat - Run Absentee! - 27302

Business Type: retailing businesses,special situations,best deals!,absentee business,new to market,laundromats
Sold
Great Laundromat - Run Absentee!
On April 8th 2016, The Undersigned
Acted as the Advisor to the Deal
Melvin L. Vaz
Melvin L. Vaz Senior Broker
Servicing: This Broker is Servicing All of CT, MA, NH, NJ, NY, PA, RI and VT
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 $140,000 Down Payment $140,000
Gross Revenues $165,900 Lease Remaining Register Free to View
Owner’s Cash Flow $40,080 Number of FT Employees Register Free to View

Financing

$140,000 Down and

Business Description

Great Laundromat. Run Absentee! This store is located in a strip mall surrounded by residental homes and apartments. There is no other laundromat for at least 2 - 3 miles. They offer 40 Primus washers and 50 ADC dryers. It is a 2,500 sq. ft facility with 13.5 years left on the lease and a rent of $4,100/mth. They are open 7 days from 7am-10pm. They offer coin laundry and wash & fold service. This location is well-light with very well maintained equipment. In the past year they had gross sales of approx. $165,900.00 with a net income of approx. $40,080.00. THEY KEEP VERY GOOD FINANCIAL RECORDS THAT CAN BE VERIFIED! This is a fully absentee operation with the owner only coming in about 6 hrs./wk. We are seeking a serious and financially qualified buyer with at least $140K in liquid funds. If you do not have the LIQUID funds available, please do not inquire. However, if you do meet the criteria, please call 1-877-735-5224

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.