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Business for Sale Summary

Updated Laundromat in Suffolk County, NY - 33323

Business Type: seller financing available,laundromats
Owner Financing
Updated Laundromat in Suffolk County, NY
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Financial Information (non-confidential)

General Information
Asking Price $1,600,000 Down Payment $330,000
Gross Revenues $572,000 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View

Financing

$330,000 Down and Seller will work with qualified buyer

Business Description

This Laundromat, with a state-of-the-art technology, is located in a bustling neighborhood, on Long Island. Its size is 4000 sq. ft. ; 60 brand new dryers and 56 brand new washers; also equipped with the gaming machines and the vending machines. Rent is $4700 a month, with 20 years lease. Has its own spacious parking lot. All the equipments and washers and the dryers are brand new. Business is 4 months old; needs one employee at a time to run it. Seller has a bank loan which is transferrable, subject to a buyer's credit score and his financial credibility. A huge up-side potential; at present, the business is doing $11,000 a week in gross sales, although just a 4 months old business. Seller owns businesses in Brooklyn and Queens; having a hard time to manage this laundromat. It is once in a life time opportunity to buy this kind of an extremely up-to-date laundromat. Seeing is believing. Call Syed at 631-374-7686 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.