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This Business has been Sold!
Closing Date: 11/20/2017
Broker: Syed Ahmed

Business for Sale Summary

Twenty Yr. Old Laundromat For Sale - 29341

Business Type: laundromats
Sold
Twenty Yr. Old Laundromat For Sale
On November 20th 2017, The Undersigned
Acted as the Advisor to the Deal
Syed Ahmed
Syed Ahmed Senior Broker
Servicing: Bronx County NY, Kings County NY, Nassau County NY, Suffolk County NY
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 $75,000 Down Payment $75,000
Gross Revenues $117,000 Lease Remaining Register Free to View
Owner’s Cash Flow $47,300 Number of FT Employees Register Free to View

Financing

$75,000 Down and

Business Description

This 20 years old laundromat is located at one of the busiest roads on Long Island. Rent is just $1400, with 14 years lease. It has 17 washers and 16 dryers; 70 % is drop-off. The surrounding ares is extremely busy, with the residential apartments, and the commercial complexes. Seller must sell the business as he lives too far from the business, and everyday commuting is making him physically tired. Easy to run operation. All the machines are in an excellent condition. Seller's net cash flow, after paying all the expenses, is over $40,000 a year. Call Syed at 1-877-735-5224 for more 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.