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Business for Sale Summary

Laundormat - 31860

Business Type: laundromats
Sale By Owner
Laundormat
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This business has received 133 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $165,000 Down Payment $165,000
Gross Revenues $410,000 Lease Remaining Register Free to View
Owner’s Cash Flow $64,416 Number of FT Employees Register Free to View

Financing

$165,000 Down and Owner open to terms for qualified buyer

Business Description

Money making Laundromat in New York County ....1,600 Sq.Ft. 7 years remain on existing 10 years. Landlord will upgrade to 10 years to credit worthy tenant. Rent includes 2019 3% increase and R/E taxes. at $7702.00 a month. Small basement area for equipment and utilities. No storage. 18 washers (10-small,7-medium,1-extra large) 14 dryers. 4-full-time, 2 part-time, 1 pick-up delivery driver employees. Total monthly payroll, $13,407. No override commissions, all hourly rate between, $12-$15.00 per hour. Owner rates employees as outstanding and honest. Monthly Income generated from: Commercial accounts $15K, in-store tickets $15K, in-store walk-in $4K. Equipment a little older, but in excellent working condition and half of the washers have had been fully refurbished. This is a perfect semi-absentee operation, or can be operated and developed as full time business.This laundromat is a winner for a financially viable buyer. Outstanding opportunity for 1st time buyer. For more information Please call Bryn Jones at 646-554-6668.

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.