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Business for Sale Summary

Busy Laundromat for sale in Nassau County - 34361

Business Type: business with property available,seller financing available,laundromats
Owner Financing
Busy Laundromat for sale in Nassau County
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Financial Information (non-confidential)

General Information
Asking Price $1,100,000 Down Payment $300,000
Gross Revenues $522,000 Lease Remaining Register Free to View
Owner’s Cash Flow $250,000 Number of FT Employees Register Free to View

Financing

$300,000 Down and at 7% for 72 months

Business Description

A busy laundromat, with property, is located in a busy commercial area on Long Island. It is at a stand alone place, with its own parking space. Has 42 dryers and 31 dryers; does $10,000 a week in gross.sale. The interior is awesome and amazingly neat and clean; is also equipped with a gaming machine and and the entertainments for the kids. 100% absentee. The seller is willing to sell the property for 1.6 million through PMTG Reality Group. The seller will help a new buyer to get the financing. The seller's net cash flow, after paying all the expenses, is $250,000 a year. A great opportunity to buy a laundromat at a great location, with its own stand alone place; a very profitable business. Call Syed at 631-374-7686 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.