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Business for Sale Summary

NYC Laundromat & Drop-Off Dry Cleaners - 29236

Business Type: laundromats,dry cleaning/ laundry services,absentee business,best deals!,new to market
NYC Laundromat & Drop-Off Dry Cleaners
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Financial Information (non-confidential)

General Information
Asking Price $500,000 Down Payment $500,000
Gross Revenues $416,000 Lease Remaining Register Free to View
Owner’s Cash Flow $142,324 Number of FT Employees Register Free to View

Financing

$500,000 Down and N/A

Business Description

Well-Established Absentee-Run Coin-Operated Laundromat & Drop-Off Dry Cleaners in Safe Upper Manhattan Neighborhood. 10 years left on the lease (3% escalation) 1,000 square feet Equipment is 5 years old. 15 Huebsch Washers ( 4 - 6 load, 6 - 3 load, and 5 - 2 load). 16 Double-Stacked Huebsch Dryers. Self-Service accounts for 31% of sales, Wash & Fold 60%, Dry Cleaning 5%, and Soap sales 4%. 3 F/T employees share Wash & Fold responsibilities and 1 P/T takes care of Pick Up & Delivery. Open 7am-midnight 7 days/week. Please contact the broker at 1-877-735-5224 for further information.

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.