Huge Laundromat - 4,000 Sq. Ft. - 32348

Financing

$190,000 Down and

Business Description

Huge Laundromat - 4,000 Sq. Ft. This is what you are looking for in Suffolk County. Great laundromat demographics, large shopping center with over 75 parking spaces, fully up-to-code permits and water filtration system (with multiple pumps), 31 washers and 36 dryers, and a full basement. 19 of the washers are new card readers that are only 18 months old. The owner keeps solid records. The business is approx. 60% coin laundry, 35% wash and fold and 2 commercial accounts. This is ideal for an owner-operator or family to run. There is huge upside with the addition of dry-cleaning drop off (they do not offer this at all) and pick-up and delivery for residential and commercial clients. There are many apartment complexes in the area. The owner only spends 10 hrs/wk at the store and does not have the time to take advantage of these opportunities. In the past year the business grossed approx. $170,000.00 with a net profit of approx. $54,600 for an owner/operator. There are 7 years left on the current lease at a rent of $4,800/mth. This can be extended for a qualified tenant. We are seeking a serious and financially qualified buyer with at least $190K in liquid funds to cover the asking price and inventory. To learn more, please call or email Mel Vaz today at 631-909-1095 or melvaz@vestedbb.com. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT SPEAK WITH ANYONE WHEN VISITING THE LOCATION. ALL MEETINGS MUST BE MADE BY APPOINTMENT ONLY! 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.

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.