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Business for Sale Summary

Laundromat and Delivery App in Manhattan - 33297

Business Type: dry cleaning/ laundry services,internet consumer services (b2c),laundromats
Laundromat and Delivery App in Manhattan
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Financial Information (non-confidential)

General Information
Asking Price $895,000 Down Payment $895,000
Gross Revenues $1,500,000 Lease Remaining Register Free to View
Owner’s Cash Flow $265,000 Number of FT Employees Register Free to View

Financing

$895,000 Down and

Business Description

This Very Profitable Laundromat is being offered with a proprietary Pick Up & Delivery App that accounts for 17.5% of the laundromat's revenues. The laundromat itself is located in a safe & densely populated Manhattan neighborhood. They can now be purchased together for less than 3.5 times annual cash flow. The laundromat's revenue sources break down as such: 23.5% from walk-in wash & fold and dry cleaning; 59% from wash & fold for multiple gym accounts; and 17.5% from wholesale wash & fold for the pick-up & deliver app that the seller also owns and which is still ramping up. The laundromat is also being offered by itself under listing 33296. The laundromat contributes $950K in revenue and the app another $550K.The laundromat is equipped with two brand new 60 lbs. Electrolux washers and 22 Dexter washers (ten 30 lbs., nine 40 lbs., and three 60 lbs.) -- all very well-maintained. You will also find two brand new 50 lbs. Electrolux dryers and twenty 25 lbs. Dexter dryers (double-stacked). Upon meeting with the seller, he will explain the ins and the outs of all aspects of laundromat's business and this app. A Ford Transit 150 delivery van and all of the machinery are included in the asking price and will come debt-free to you. Please do not say anything to the employees or customers when visiting the laundromat, as they do not know it is for sale. Then, kindly email the listing broker, Jay Goldman, at jaygoldman@vestedbb.com to make an appointment for a tour of the facilities and to speak with the owner. Please obtain the address for listing 32296 from www.vestedbb.com before contacting Mr. Goldman.

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.