Fantastic Laundromat FIRE SALE - 17724 Business Type: absentee business,laundromats
Acted as the Advisor to the Deal
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $49,000 | Down Payment | $19,000 |
| Gross Revenues | $121,284 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $22,462 | Number of FT Employees | Register Free to View |
Financing
$19,000 Down and $30K over 5 yrs @ 6%
Business Description
***FIRE SALE******Rent Just Reduced by $500 per month*** OWNER WILL LISTEN TO ANY REASONABLE OFFER! ASKING $49K WITH ONLY $19K DOWN AND NEGOTIABLE TERMS. BUSINESS IS BEING SOLD "AS IS". Fantastic laundromat located on a major highway in Suffolk County. This 1500 sq. ft. store was opened twenty-five years ago in a large strip mall anchored by three major retailers. It has 19 Wascomat Series 4 washers and 21 American Dryer Corporation dryers. The dryers that are 6 years old. The current owner spent over $15,000 just 1 year ago to upgrade the filtration system. The business also features a new hot water heater, upgraded plumbing behind the washers, and a new gas heater. Everything is completely up to code. In fact, the store has a timer system to lock and unlock the doors automatically as well as security cameras that can be viewed on-line from anywhere in the world. The only reason for the sale is due to the current owner's primary job hours. The travel time has become a factor for him and he has decided to sell. He currently visits the business only 3 days per week for only 2-3 hours. This is a business that can be run very part-time for a strong return. In 2009, the business grossed approx. $121K with a Net Profit of approx. $22K. That is very good for only 6-9 hours of work per week. This is exactly the type of part-time business many of you are looking for. If you have any interest, please do not delay.
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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