Local Laundromat for sale in Westchester County - 34275

Financing

$129,000 Down and

Business Description

Neighborhood laundromat that is run 100% absentee is now on the market. This location has 14 washers and 16 dryers, all Huebsch brand, immaculately kept and maintained, and all less than 10 years old. This is a well-established location which has been a laundromat for over 27 years. The current owner has operated this location for 3 years but has recently moved his primary residence and now has to sell. This business is being listed for $129,000 and that includes everything within the four walls: change machine, TV, carts, folding tables, overhead fans, security camera, etc. Right now, coin-op is the main revenue driver as COVID-19 caused an abrupt halt to wash and fold, but the new owner can restart this side of the business and add another $1,000-$2,000/month in revenue. There is currently a loyal and trusted store manager that opens and closes, manages the clients, cleans the machines and common areas, and does much more. She is willing to stay on should the new owner want to continue to run this location absentee. Alternatively, if you want to be an owner operator, that just puts more to your bottom line. This is a great opportunity for buyers looking to start your first business or for established entrepreneurs to add to an existing portfolio of cash flowing business. Contact Howard Nevins for more information today.

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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.