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Financing: $449,000.00 Down and The seller will finance $100,000.00 at 6% over 24 months Reason for Selling:The seller has other business interests. Established in 1978, this absentee-run, modernized, clean
and spacious laundromat, located in Staten Island, has had
just one owner for the past 13 years. His landlord stands
ready to give you a brand new 10 year lease, with a 5-year
option, starting at just $3,600/month. There is 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 all ultra-
efficient on energy and water. The washers consist of one 80 lbs.
load Wascomat, three 60 lbs. ADCs, seven 45 lbs. ADCs, and
nine 25 lbs. ADCs. The dryers are all 45 lbs.double-stacked ADCs.
Wash and fold accounts for 60% of gross, and coin self-service, 40%.
This is an all-cash business whose financial representations
can be verified. You may be able to increase your sales by accepting
credit cards and by promoting the availability of pick-up and delivery
of wash & fold and drop-off dry cleaning. You can put more money
in your pocket, should you choose to be more hands-on by
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 owner is asking less than
3.5 times what he profits and is willing to offer some seller financing.
The equipment is almost brand new and the laundromat comes with
a long lease and 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.
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. kg |
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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. |
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1(877) 735-5224 | 24 Woodbine Ave, Suite #204 Northport, NY 11768 | vestedbb.com |
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