Financing: $560,000.00 Down and Make your best all down offer!
Reason for Selling:Retirement
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.
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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.