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Newly Constructed Laundromat
Location: United States -> New York -> Other New York -> Kings County
Industry: Business Services > Laundry




Business Summary

Newly constructed large 4,600 square foot laundromat for sale with 122 Huebsch machines all still under warranty. Location is only doing self service. Can add drop off and dry cleaning. Business was opened in 2008 and is still growing..Long 25 year lease with an option to purchase property for an additional $1.7million. Three short blocks from subway,bus stop on same block, immediate neighborhood includes 2,500 rental units. Some equipment include:60 Stainless Steel Cabinet Washers, 62 Cabinet Dryers, Fully computerized with ESD Card Systems, Vending Machines, Plasma Tv's, Internet, Atm.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $554,520
Cash Flow:   $277,764
Cash Flow Type:  EBITDA
Inventory:  $8,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2007
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  As needed.
Reason For Selling:  Retiring.




Print Listing Id: 700118719
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