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This Business has been Sold!
Closing Date: 03/23/2018
Broker: Syed Ahmed

Business for Sale Summary

Laundromat For Sale - 29769

Business Type: retailing businesses,laundromats
Sold
Laundromat For Sale
On March 23rd 2018, The Undersigned
Acted as the Advisor to the Deal
Syed Ahmed
Syed Ahmed Senior Broker
Servicing: Bronx County NY, Kings County NY, Nassau County NY, Suffolk County NY
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.

Financial Information (non-confidential)

General Information
Asking Price $95,000 Down Payment $95,000
Gross Revenues $154,800 Lease Remaining Register Free to View
Owner’s Cash Flow $58,300 Number of FT Employees Register Free to View

Financing

$95,000 Down and

Business Description

This 25 years old laundromat is located on one of the busiest roads in Queens. It has 20 washers, and 18 dryers; the machines are coin-operated. 65% of the business is from drop-off. All the machines are in excellent conditions. Seller has several businesses abroad, and seldom come to the business. The surrounding area is heavily populated, and this is the only laundromat in the neighborhood. Seller's net cash flow, after paying all the expenses, is $5,000 a month. Call Syed at 1-877-735-5224 for more information.

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.

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.