Laundromat - 20858 Business Type: laundromats
Acted as the Advisor to the Deal
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $2,199,000 | Down Payment | $2,199,000 |
| Gross Revenues | $810,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $453,400 | Number of FT Employees | Register Free to View |
Financing
$2,199,000 Down and negotiable
Business Description
This Laundromat over 4600 sq ft has been established for 5 years, with a 20 year lease and absentee owned and has sub tenant - master lease $6,000 per month adds another $72,000 to the net cash flow. Very profitable and has all the potential for a new investor to take it to a new level. State of the art operation and added latest technology, with over $600,000 of equipment which makes this location very desirable. The seller has given Vested 5 total Laundromats that he would prefer to package for the right investor. They all are very similar in size and technology. Each has master tenant, therefore reducing the rent further from the top. Proof of funds is a must.
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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