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Business for Sale Summary

Queens Laundromat Business for sale - 33420

Business Type: laundromats
Queens Laundromat Business for sale
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Financial Information (non-confidential)

General Information
Asking Price $225,000 Down Payment $225,000
Gross Revenues $160,000 Lease Remaining Register Free to View
Owner’s Cash Flow $62,000 Number of FT Employees Register Free to View

Financing

$225,000 Down and

Business Description

This 20 year old laundromat is a part of a busy commercial and residential area in Queens. Rent is $3100 a month; has 16 dryers and 16 washers; all are in an excellent conditions. A very well-known laundromat in the neighborhood; loyal and steady clientele; 40% drop-off. All the machines are coin-operated. Interior is neat, clean and well-organized.. Seller wants to sell it as he wants to go back to his native country. for good Seller's net cash flow, after paying all the expenses, is over $5,000 a month. Very easy to run it. Call Syed at 877-735-5224 for more 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.

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.