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Business for Sale Summary

Laundromat in Safe Brooklyn Neighborhood - 26876

Business Type: retailing businesses,service businesses,dry cleaning/ laundry services,laundromats
Laundromat in Safe Brooklyn Neighborhood
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Financial Information (non-confidential)

General Information
Asking Price $560,000 Down Payment $560,000
Gross Revenues $320,000 Lease Remaining Register Free to View
Owner’s Cash Flow $140,602 Number of FT Employees Register Free to View

Financing

$560,000 Down and Make your best all down offer!

Business Description

The seller is the landlord and, in that capacity, is willing to give you a brand new 20 year lease starting at just $4,000/month for this well-maintained medium-large family-run laundromat located in a safe, diverse, and growing Brooklyn neighborhood. It's doubtful you'll uncover another gem of its kind. This 2,000 sq. ft. laundromat has 30 washers (18 regular, 8 large and 4 super large) and 30 dryers (15 Huebsch Originator Twin 30s), all approximately 8 years in use. $200K in revenue comes from self-service and another $100K from wash & fold (net of coins used) & drop-off dry cleaning. An additional $20K in profits derives from a variety of vending machines, an ATM, a massage chair, etc. You can definitely grow the laundromat's pick-up and delivery business through local advertising and by adding a driver to the payroll. The laundromat is housed in a 5-story, 18 unit residential building, all of which is currently under one water meter. The seller/landlord believes he is fairly representing the laundromat's share of the building's total annual water and sewer bill. He will at his own cost install a separate water meter for the laundromat at or around closing. You will find him glad to educate buyers who are new to the laundromat business. 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.