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Laundromat Business
Location: United States -> New York -> Suffolk County
Industry: Business Services > Laundry




Business Summary

Laundromat in a mid-size strip mall w/ great parking. They offer 25 Primus washing machines and 32 Wascomat dryers in a 1,600 sq.ft space. All machines have been maintained thoroughly and are in good shape. The lease has 15 years remaining at a rent of $3,472/mth. In the past year the business grossed approx. $228,800 with a net cash flow of approx. $117,993.00. The owner works in the store 2-3 hours/week. They have a busy drop-off service. It also has customary vending machines for soap and coin changers. It has a sitting area where customers can watch TV. We are seeking a serious and financially qualified buyer with at least $325K in liquid funds.

ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $234,000
Cash Flow:   $117,993
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  2010
Number of Employees:  4 - 5
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  The seller will train the new owner.




Print Listing Id: 700287612
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