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Business for Sale Summary

Laundromat - 20856

Business Type: retailing businesses,laundromats
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Financial Information (non-confidential)

General Information
Asking Price $1,999,000 Down Payment $1,999,000
Gross Revenues $684,200 Lease Remaining Register Free to View
Owner’s Cash Flow $370,000 Number of FT Employees Register Free to View


$1,999,000 Down and negotiable

Business Description

This Laundromat over 4500 sq ft has been established for 5 years, with a 20 year lease and absentee owned with master lease - subtenant pays $4,400 per month which adds another $52,800 to the net cash flow. Very profitable and has all the potential for a new investor to take it to a new level. State of the art operation and added latest technology, with over $550,000 of equipment which makes this location very desirable. The seller has given Vested 5 total Laundromat that he would prefer to package for the right investor. They all are very similar in size and technology. Each has master tenant, therefore reducing the rent further from the top. Proof of funds is a must.

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.