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Business for Sale Summary

Great Local Laundromat for sale in the Bronx - 34026

Business Type: dry cleaning/ laundry services,misc. retail/non-classifiable,misc. service/non-classifiable,must sell/drastic price reduction!,other personal services,seller financing available,laundromats
Owner Financing
Great Local Laundromat for sale in the Bronx
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This business has received 102 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $489,000 Down Payment $325,000
Gross Revenues $420,000 Lease Remaining Register Free to View
Owner’s Cash Flow $168,000 Number of FT Employees Register Free to View

Financing

$325,000 Down and $164K over 5 yrs. @ 6%.

Business Description

Great 24 hr. Laundromat w/ Newer Machines. Price Reduced. No reasonable offer will be refused! The space is 1,100 sf plus a full basement. It offers 14 Dexter Dryers that are only 4 y/o and 17 Dexter Washers that are 2-4 y/o. There are 6 years left on the current lease with a rent of $4,800/mth and a new 10-15 yr lease possible for a well-qualified buyer. In the past year the business grossed approx. $400,000.00 with an owner's cash flow of approx. $150,000.00. The owner operates this business on a part-time basis. There are2 f/t employees. We are seeking a serious and financially qualified buyer with at least $325K in liquid funds to cover the down payment. To learn more, please call, text or email Mel Vaz today on 631-767-0157 or melvaz@vestedbb.com. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

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 registration@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.