Laundromat & Dry Cleaners for Sale in Kings County - 26876 Business Type: laundromats
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Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $525,000 | Down Payment | $525,000 |
| Gross Revenues | $320,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $131,002 | Number of FT Employees | Register Free to View |
Financing
$525,000 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, below-market, 20-year lease, starting
at just $5,500/month. He is also open to giving you the right
of first refusal to purchase the four-story residential building
within which the laundromat is housed. This is a very well-
maintained 2,000 sq. ft., family-run laundromat, located in a
safe, diverse and ever-gentrifying Brooklyn neighborhood.
It's doubtful you will uncover another gem of its kind.
The laundromat contains 30 washers (18 regular, 8 large, and
4 super-large) and 30 dryers (15 Huebsch Originator Twin 30s)
- all approximately 11 years old and in very good condition.
Around $200K in revenue comes from coin self-service.
Another $100K comes from drop-off wash & fold and drop-off
dry cleaning. An additional $20K in profits derives from a variety
of vending machines, ATM, massage chair, etc. You can
definitely grow the laundromat's business by offering pick-up
and delivery service. The seller is more than glad to educate a
buyer who is new to the laundromat business. Please be very
discreet when visiting, as the employees and customers do not
know it's for sale. Then, kindly contact the listing broker,
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.
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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.
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