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Business for Sale Summary

Community Laundromat in Nassau County NY - 30652

Business Type: laundromats,service businesses
Community Laundromat in Nassau County NY
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Financial Information (non-confidential)

General Information
Asking Price $100,000 Down Payment $100,000
Gross Revenues $80,000 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View

Financing

$100,000 Down and

Business Description

Community laundromat for sale. The two owners are ready to retire after 20 years and are looking to hand over this location to the next individual or family that wants to own and operate this business. There is a total of 25 Wascomat Gen 5 Washers these are the workhorse series of washers and have been meticulously maintained by the owners. The breakdown of washers is as follows: 50 lbs. x 2, 35 lbs. x 6, 25 lbs. x 5 and 18 lbs. x 12. Accompanying the washers are 24 dryers, all 30 lbs. The two owners have built up a very loyal customer base over the past 20 years and will help to make sure all introductions are made to ensure a smooth transition. 40% of the revenue is generated by coin-op and drop off, while 60% of the revenue is generated by pick up & deliver. There are several commercial accounts with spas, to do their sheets and towels. The location also does ironing that the customers really appreciate. If you are looking to own and operate a laundromat, this is great location to do so. You will need to make upgrades and start some basic marketing, but this place is poised to grow. The landlord is willing to sign a new lease and terms can be discussed at the appropriate time. We are seeking a serious and financially qualified buyer with at least $100K in liquid funds to cover the asking price and inventory. Please contact the broker at 1-877-734-5224.

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.