High Volume Laundromat - 26845 Business Type: laundromats,cleaning services,dry cleaning/ laundry services,absentee business,owner financing available
Acted as the Advisor to the Deal
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $650,000 | Down Payment | $325,000 |
| Gross Revenues | $422,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $216,000 | Number of FT Employees | Register Free to View |
Financing
$325,000 Down and $325K over 5 yrs. @6%
Business Description
High Volume Laundromat. Fantastic Deal. This is a 12 year old facility, build out from scratch in a heavily populated Nassau County neighborhood. All equipment is original. 55 Maytag washers (from 18lbs to 80lbs.) and 68 dryers. This is a 3,600 sq. ft facility with a full basement, 17 years left on the lease and a rent of only $5,700/mth. (incl taxes). They are open 24/7. They offer coin laundry, wash & fold and dry cleaning drop off. This location is well-lit, with tv's, A/C and vending. In the past year they had gross sales of approx. $422,000.00 with a net income of approx. $216,000.00. This is a fully absentee operation with 4 p/t employees (one per shift). An owner only visits one per week. They are selling due to a partnership dispute. We are seeking a serious and financially qualified buyer with at least $325K in liquid funds. PROOF OF LIQUID FUNDS WILL BE REQUIRED TO OBTAIN THE ADDRESS! If you do not have the LIQUID funds available, please do not inquire. However, if you do meet the criteria, please call 1-877-735-5224 for further information.
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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