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Business for Sale Summary

Suffolk County Laundry Route and Laundromat - 32378

Business Type: cleaning services,misc. servicel/non-classifiable,other business services,other personal services,routes,seller financing available,laundromats
Suffolk County Laundry Route and Laundromat
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This business has received 297 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $325,000 Down Payment $200,000
Gross Revenues $281,096 Lease Remaining Register Free to View
Owner’s Cash Flow $100,023 Number of FT Employees Register Free to View

Financing

$200,000 Down and $125K over 3 yrs. @ 6%

Business Description

Commercial Laundry Route and Laundromat. Unique Opportunity. What is being sold is a 1,000 sq. ft. laundromat with 15 Dexter washers (approx. 10 yrs old.) and 14 Electrolux dryers (only 1 yr. old)., 2 pick up and delivery trucks and a route with approx. 60 commercial accounts. The business has a phenomenal lease. THE RENT IS ONLY 1,600/MTH. with 3 years left on the current lease. THE LANDLORD IS WILLING TO OFFER A NEW LEASE TO A QUALIFIED TENANT OF AT LEAST 10 YEARS. In the past year the business grossed approx. $281,096 (66% Route, 33% Coin) with a net profit of approx. $100,023.17. THE SELLER KEEPS VERY GOOD RECORDS USING QUICKBOOKS. We are seeking a serious and financially qualified buyer with at least $200K in liquid funds to cover the down payment. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT SPEAK WITH ANYONE WHEN VISITING THE LOCATION. ALL MEETINGS MUST BE MADE BY APPOINTMENT ONLY!

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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.