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This Business has been Sold!
Closing Date: 05/27/2018

Business for Sale Summary

Laundry Route-SHRT HOURS-Servicing Suffolk County - 30577

Business Type: laundromats,cleaning services,dry cleaning/ laundry services,best deals!,new to market,seller financing available,non-durable goods (ie:services/occupations)
Sold
Laundry Route-SHRT HOURS-Servicing Suffolk County
On May 27th 2018, The Undersigned
Acted as the Advisor to the Deal
Melvin L. Vaz
Melvin L. Vaz Senior Broker
Servicing: This Broker is Servicing All of CT, MA, NJ, NY and RI
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 $122,000 Down Payment $70,000
Gross Revenues $113,000 Lease Remaining Register Free to View
Owner’s Cash Flow $70,000 Number of FT Employees Register Free to View

Financing

$70,000 Down and $52K over terms TBD.

Business Description

Laundry Route - Servicing Suffolk County. THIS IS NOT A LAUNDROMAT, BUT A LAUNDRY ROUTE. They currently have approx. 318 accounts that are serviced at a third-party laundromat. $0 MARKETING BUDGET. A new owner can continue to use that laundromat or find a new location. THE CURRENT OWNER ONLY WORKS 15-20 HRS/WK ON AVERAGE. This would be an ideal add-on to a buyer who currently owns a laundromat in Suffolk County. Route Gross profit before tax is 62%. With seasonal/summer customers an additional $10,000 will be realized in 2018. Total profit without reducing costs will exceed $70,000 on $113,000 of revenue. They are the lowest price service in the area. Customers who pay by credit now represent approximately 70% of Revenue. Corporate customers paying by check are under contract. Very few pay with cash. 75% of our customers are recurring weekly/bi-weekly or monthly. 20% are recurring, but call at their convenience. 5% are new or random. We are seeking a serious and financially qualified buyer with at least $70K in liquid funds to cover the downpayment. To learn more, please call the broker at 1-877-735-5224.

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.