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This Business has been Sold!
Closing Date: 06/19/2015

Business for Sale Summary

High Volume Laundromat - 26845

Business Type: retailing businesses,laundromats,service businesses,cleaning services,dry cleaning/ laundry services,special situations,absentee business,new to market,seller financing available
High Volume Laundromat
On June 19th 2015, 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 $650,000 Down Payment $325,000
Gross Revenues $422,000 Lease Remaining Register Free to View
Owner’s Cash Flow $216,000 Number of FT Employees Register Free to View


$325,000 Down and $325K over 5 yrs. @6%

Business Description

High Volume Laundromat. Fantastic Deal. This is a 12 year old facility, build out from scratch in a heavily populated Nassau County neighborhood. All equipment is original. 55 Maytag washers (from 18lbs to 80lbs.) and 68 dryers. This is a 3,600 sq. ft facility with a full basement, 17 years left on the lease and a rent of only $5,700/mth. (incl taxes). They are open 24/7. They offer coin laundry, wash & fold and dry cleaning drop off. This location is well-lit, with tv's, A/C and vending. In the past year they had gross sales of approx. $422,000.00 with a net income of approx. $216,000.00. This is a fully absentee operation with 4 p/t employees (one per shift). An owner only visits one per week. They are selling due to a partnership dispute. We are seeking a serious and financially qualified buyer with at least $325K in liquid funds. PROOF OF LIQUID FUNDS WILL BE REQUIRED TO OBTAIN THE ADDRESS! 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 for further information.

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.