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Laundromat
Kings County, NY |
Listing #20858 |
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| Financial Information (non-confidential) |
| Asking Price |
$2,199,000.00 |
Gross Revenues |
$810,000.00 |
| Down Payment |
$2,199,000.00 |
Owner’s Cash Flow |
$453,400.00 |
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Financing: $2,199,000.00 Down and negotiable
Reason for Selling:builder
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.
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Vested Corporate
Senior Business Broker
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Servicing Area:
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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller. |
1(877) 735-5224 | 24 Woodbine Ave, Suite #204 Northport, NY 11768 | vestedbb.com |
