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Business for Sale Summary

Laundromat for Sale in Suffolk County, NY - 30317

Business Type: cleaning services,misc. retail/non-classifiable,misc. servicel/non-classifiable,seller financing available,laundromats
Owner Financing
Laundromat for Sale in Suffolk County, NY
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This business has received 484 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $480,000 Down Payment $380,000
Gross Revenues $234,000 Lease Remaining Register Free to View
Owner’s Cash Flow $117,993 Number of FT Employees Register Free to View

Financing

$380,000 Down and $100,000 for 2 years at 6%

Business Description

Laundromat in a mid-size strip mall w/ great parking. This is a great opportunity for the current Covid environment. They offer 25 Primus washing machines and 32 Wascomat dryers in a 1,600 sq.ft space. All machines have been maintained thoroughly and are in good shape. The lease has 15 years remaining at a rent of $3,472/mth. In the past year the business grossed approx. $228,800 with a net cash flow of approx. $117,993.00. The owner works in the store 2-3 hours/week. They have a busy drop-off service. It also has customary vending machines for soap and coin changers. It has a sitting area where customers can watch TV. We are seeking a serious and financially qualified buyer with at least $380K in liquid funds to cover the down payment. To learn more, please call or email Mel Vaz today at 631-909-1095 or melvaz@vestedbb.com. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

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.