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Business for Sale Summary

Great Queens Laundromat - Absentee Owned - 28723

Business Type: best deals!,new to market,laundromats
Great Queens Laundromat - Absentee Owned
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Financial Information (non-confidential)

General Information
Asking Price $290,000 Down Payment $290,000
Gross Revenues $283,000 Lease Remaining Register Free to View
Owner’s Cash Flow $96,710 Number of FT Employees Register Free to View


$290,000 Down and None

Business Description

Great Queens Laundromat. ABSENTEE OWNED. This is a 1,000 sq. ft. laundry (with an 800 sq. ft. basement and a backyard). It is in a heavily populated Queens neighborhood. All equipment is approx. 10 yrs. old. 14 Heubsch washers and 14 Heubsch dryers (28 total). Fully air conditioned. There are 14 years left on the lease and a rent of only $3,700/mth. They are open 7 days from 7am-9pm. They offer coin laundry, wash & fold, dry cleaning drop off and pick up and delivery. In fact, 79% of sales comes from pick-up and delivery. In the past year they had gross sales of approx. $288,000.00 with a net income of approx. $96,000.00. This is a fully absentee operation with new the owner only coming in for approx. 10 hrs.wk. They have a long lease in a great neighborhood. We are seeking a serious and financially qualified buyer with at least $290K in liquid funds. If you meet the criteria, please call or email Mel Vaz today at 631-909-1095 or melvaz@vestedbb.com. This one will go fast! 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.