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Business for Sale Summary

Wash & Fold Drop Store for sale in NYC - 30978

Business Type: cleaning services,other personal services,seller financing available,dry cleaning/ laundry services,laundromats
Wash & Fold Drop Store for sale in NYC
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Financial Information (non-confidential)

General Information
Asking Price $140,000 Down Payment $75,000
Gross Revenues $200,000 Lease Remaining Register Free to View
Owner’s Cash Flow $70,000 Number of FT Employees Register Free to View

Financing

$75,000 Down and $65K over negotiable terms.

Business Description

Wash & Fold and dry-cleaning drop store for sale in Uptown NYC. This is a simple operation and is very ideal for an owner-operator buyer seeking a simple business to operate. This business is recession proof and has lasted well through COVID. Sales for 2020 Pre-COVID were on target to be around 250k but are now projected to be 180k for the year as dry cleaning slowed down but wash & fold increased. Currently all laundry and dry cleaning is serviced off-site but there is some room to start doing some cleaning on site. An impressive nicely designed website with an online request form is also included in the sale of this business. 10-year lease and rent is currently being negotiated. There is a 1 p/t employee who handles deliveries and helps to open and close the store. Seller financing available. Please contact estiefel@vestedbb.com for more information.

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.