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Business for Sale Summary

Profitable Laundromat for Sale in Brooklyn - 26876

Business Type: dry cleaning/ laundry services,laundromats
Profitable Laundromat for Sale in Brooklyn
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Financial Information (non-confidential)

General Information
Asking Price $480,000 Down Payment $480,000
Gross Revenues $360,000 Lease Remaining Register Free to View
Owner’s Cash Flow $160,000 Number of FT Employees Register Free to View

Financing

$480,000 Down and

Business Description

The seller is the landlord and, in that capacity, is willing to give you a brand new, below-market, 15-year lease, starting at just $5,000/month, escalating at the standard 3%, annually. He is also open to giving you the right of first refusal to purchase the four-story residential building, within which the laundromat is housed. This is a very well-maintained 2,000 sq. ft. family-run laundromat, located in a safe, diverse and ever-gentrifying Brooklyn neighborhood. It's doubtful you will uncover another gem of its kind. The laundromat contains 30 washers (18 - Laundercenter 18 lbs.Commercial Washer Extractors, 8 - Laundercenter 35 lbs. Commercial Washer Extractors, and 4 - Ipso Super Load Commercial Washers) and 30 dryers (15 - Huebsch Originator Twin 30s) - all approximately 15 years old and in very good condition. The bulk of the gross revenues comes from coin self-service. Drop off wash & fold, soap sales, a variety of vending machines, and dry cleaning account for the rest. You can definitely grow this laundromat's business by offering pick-up and delivery service. The seller is willing to provide transitional support & training to a buyer who is new to the industry. Please do not say anything to the customers about the laundromat being for sale, when checking it out. KIndly email the listing broker, Jay Goldman, at jaygoldman@vestedbb.com to learn more and to make an appointment to meet with the seller. If you are new to Vested Business Brokers, please go to www.vestedbb.com to become a free registered buyer under listing 26876. To obtain the name & address right away, kindly upgrade to premium membership.

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.