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Business for Sale Summary

Local Laundromat for sale in Kings County - 34383

Business Type: seller financing available,laundromats
Owner Financing
Local Laundromat for sale in Kings County
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Financial Information (non-confidential)

General Information
Asking Price $1,200,000 Down Payment $400,000
Gross Revenues $526,000 Lease Remaining Register Free to View
Owner’s Cash Flow $276,000 Number of FT Employees Register Free to View


$400,000 Down and $800,000 at 7% for 72 months

Business Description

An attractively-located laundromat lies in the heart of several apartment buildings in Brooklyn. Its size is 2800 sq. ft. with the same size of the basement. Rent is $5,000, with 25 years lease. Has 46 dryers and 31 washing machines. 40% of business is from drop-offs. Another building, next to the laundromat, is almost complete to accommodate 2500 residents. 100% absentee. One of the best business situations.The seller is willing to help a new buyer to get the financing. The seller's net cash flow, after paying all the expenses, is $275,000 a year. Call Syed at 631-374-7686 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.