1. Home
  2. Businesses for Sale
  3. New York
  4. Laundromats
This Business has been Sold!
Closing Date: 04/05/2018
Broker: Jay Goldman

Business for Sale Summary

Laundromat For Sale in Kings County. NY - 30032

Business Type: dry cleaning/ laundry services,absentee business,best deals!,new to market,laundromats
Sold
Laundromat For Sale in Kings County. NY
On April 5th 2018, The Undersigned
Acted as the Advisor to the Deal
Jay Goldman
Jay Goldman Senior Broker
Servicing: Bronx County NY, Kings County NY, Nassau County NY, New York County NY, Queens County NY, Westchester County NY, CT, NJ
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 $130,000 Down Payment $130,000
Gross Revenues $124,800 Lease Remaining Register Free to View
Owner’s Cash Flow $51,700 Number of FT Employees Register Free to View

Financing

$130,000 Down and All down buyers only!

Business Description

Located in a Gentrifying Section of Brooklyn, this 900 Sq. Ft. Laundromat is 20 years old with machines of approximately the same age: 21 Maytag washers (6 large load, 15 regular load) and 14 double-stacked Dexter dryers. On average, these machines are in fair condition. The Laundromat is owned by its very reasonable landlord, who is willing to give you a brand new 10 year lease with a base rent of just $2,750.00/month. In return for keeping an eye on things, 2 non-employees have been doing the wash & fold there and keeping the proceeds from it for themselves, BUT not without having to use their own coins to run the machines. Should you bring in in your own employees to do the wash & fold, you will likely see strong gains to your top and bottom lines. Presently, the Laundromat doesn't accept any drop-off dry cleaning, nor does it do any pick up & delivery of any kind. This is a big opportunity for you. It would be a smart move to spruce up the place and, either immediately or over time, replace the older machines with new and more energy and water efficient ones. There is an adjoining 900 square foot space right next door owned by the same landlord that you can lease out for another $2,750.00/month and expand the Laundromat into it with many more machines. There is population density in the immediate neighborhood to support that. Please be discreet when visiting the location and then call listing broker Jay Goldman to make an appointment to speak with the owner. Please contact 877-735-5224 for further information.

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.