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Business for Sale Summary

Laundromat in Kings County, NY - 26876

Business Type: retailing businesses,service businesses,dry cleaning/ laundry services,laundromats
Laundromat in Kings County, NY
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Financial Information (non-confidential)

General Information
Asking Price $525,000 Down Payment $525,000
Gross Revenues $320,000 Lease Remaining Register Free to View
Owner’s Cash Flow $131,002 Number of FT Employees Register Free to View

Financing

$525,000 Down and Make your best all down offer!

Business Description

The seller is the landlord, and is willing to give you a brand new, below-market, 20-year lease, starting at just $5,500/month. This is a well-maintained, 2,000 sq. ft., family-run laundromat, located in a safe, diverse and ever-gentrifying Brooklyn neighborhood. He is also open to giving you the right of first refusal on the four-story residential building, within which the laundromat is housed. It's doubtful you'll uncover another gem of this kind. The laundromat contains 30 washers (18 regular, 8 large and 4 super large) and 30 dryers (15 Huebsch Originator Twin 30s) - all approximately 11 years old, and in very good condition. Around $200K in revenue comes from coin self-service. Another $100K comes from wash and fold, and drop-off dry cleaning. An additional $20K in profits derives from a variety of vending machines, ATM, massage chair, etc. You can definitely grow the laundromat's business by offering pick-up and delivery service. The seller is more than glad to educate a buyer who is new to the laundromat business. Please be very discreet when visiting, as the employees and customers do not know the business is for sale. Then, kindly contact the listing broker, Jay Goldman, to make an appointment to meet with the seller and get a full tour of the facilities. Please call 1-877-735-5224 for further information.

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. kg

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.