Queens Laundromat - 9426 Business Type: laundromats
Acted as the Advisor to the Deal
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $250,000 | Down Payment | $125,000 |
| Gross Revenues | $190,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $89,300 | Number of FT Employees | Register Free to View |
Financing
$125,000 Down and $125,000 @8% over 3 yrs.
Business Description
This laundromat has operated in this busy, busy Queens neighborhood for over 30 years. Recent renovations by present owners completely upgraded entire operation including replacing every machine with brand new Dexter washing machines and dryers (19 washers/22 dryers). This business is surrounded by thousands of apartment houses and tens of thousands of renters, all of whom need somewhere convenient to wash their cloths. Great return vs. asking price. Seller financing available for qualified buyers.
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.
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