Financing: $499,000.00 Down and The seller will finance $100,000.00 at 6% over 24 months
Reason for Selling:The seller has other business
Established in 1978, this absentee-run Modernized, Clean,
and Spacious Laundromat located in Staten Island has
been owned by the same person for the last 13 years.
The landlord stands ready to give you a brand new 10 year
lease with a 5 year option starting at just $3,600/month for
1,500 square feet inside and a parking lot with 60 spaces.
The 20 washers and 20 dryers are only about a year old
and are Ultra-Efficient on Energy and Water. The washers
consist of 1 - 80 lbs. load Wascomat, 3 - 60 lbs. ADCs,
7 - 45 lbs. ADCs, and 9 - 25 lbs. ADCs. The dryers are
all 45 lbs. double-stacked ADCs. The state-of-the-art
vending machine dispenses approximately $5K/yr. in
soft drinks, detergents, and softeners. Wash & fold
accounts for 60% of gross; 40% for coin self-service.
This is an all cash business. You may be able to increase
your sales by accepting credit cards and promoting the
availability of pick-up & delivery and drop-off dry cleaning.
You can put more money in your pocket should you choose
to be more hands-on, thereby eliminating one or more
employee salaries. Lastly, you would be well-advised to
generally do more advertising, both traditional and social
media, to draw more business to this location. It certainly
can handle it! Please be prepared to make your best offer,
as this one is going to move quickly, given the seller is only
asking 4 times what he profits, the equipment is almost
brand new, and the laundromat comes with a long lease
& a very reasonable base rent. Do be very discreet when
visiting the location, as the employees and customers do
not know it is for sale. Kindly then contact listing broker
Jay Goldman should you have any questions and would
like to make an appointment to meet with the owner.
Please call 1-877-735-5224 for further information.
Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.