Absentee Owned Laundromat

www.GlobalBX.com

Listing ID: 700267082

Listing Title: Absentee Owned Laundromat

Quick Link: http://www.globalbx.com/listing.asp?bId=267082

Industry: Business Services

Industry Segment: Laundry

Country: United States

State / Province: New York

Area

City: Queens County

Asking Price Range: $250K - $500K

Gross Revenues: $283,000

Cash Flow: $96,710

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2007

Number of Employees: 4 - 5

Business Description:
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!



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