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Absentee Owned Laundromat
Location: United States -> New York -> Queens County
Industry: Business Services > Laundry




Business Summary

Great queens laundromat. Absentee owned. This is a 1,000 sq. ft. Laundry (with an 800 sq. Ft. Basement and a backyard). It is in a heavily populated queens neighborhood. All equipment is approx. 10 yrs. Old. 14 heubsch washers and 14 heubsch dryers (28 total). Fully air conditioned. There are 14 years left on the lease and a rent of only $3,700 / month. They are open 7 days from 7am-9pm. They offer coin laundry, wash & fold, dry cleaning drop off and pick up and delivery. In fact, 79% of sales comes from pick-up and delivery. In the past year they had gross sales of approx. $288,000.00 with a net income of approx. $96,000.00. This is a fully absentee operation with new the owner only coming in for approximately 10 hrs.wk. They have a long lease in a great neighborhood. We are seeking a serious and financially qualified buyer with at least $290k in liquid funds. If you meet the criteria, please call at 631-909-1095. This one will go fast!


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $283,000
Cash Flow:   $96,710
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  2007
Number of Employees:  4 - 5
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased
Property:  Property For Sale

About The Sale

Management Training and Support:  Seller will train
Reason For Selling:  Other interests

Photos

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Absentee Owned Laundromat Photo 1




Print Listing Id: 700267082
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Also See: Franchise Opportunities > Franchise Resales > New York Businesses For Sale > New York Franchises For Sale > New York Business Brokers



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