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Business for Sale Summary

Laundromat & Dry Cleaner - Queens County, NY - 28942

Business Type: laundromats,dry cleaning/ laundry services,special situations,seller financing available
Laundromat & Dry Cleaner - Queens County, NY
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Financial Information (non-confidential)

General Information
Asking Price $250,000 Down Payment $150,000
Gross Revenues $150,000 Lease Remaining Register Free to View
Owner’s Cash Flow $73,000 Number of FT Employees Register Free to View

Financing

$150,000 Down and Two years at 5%

Business Description

New (2015) neighborhood laundromat with 18 new dexter washers and 18 new dryers. About 60% of business comes from drop-off dry cleaning business. There are 2 part time employees. New equipment installed in 2014. Located on 1st floor of 100-unit residential building, with no washer in units. Security system, and equipment still under warranty. Wash and fold service. Run 100% absentee- Owner/operator can add $20k of $53k of absentee cash flow to total cash flow of $73k. Amazingly, no water bills. No commercial accounts, no advertising and no on-site owner. Good lease in dense residential area. Contact broker Joe Stansky for more details 1-877-735-5224.

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

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.