Established Laundromat for Sale in Kings County NY - 31812 Business Type: laundromats
Acted as the Advisor to the Deal
Suffolk County, NY
Kings County, NY
Bronx County, NY
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $350,000 | Down Payment | $250,000 |
| Gross Revenues | $330,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $120,000 | Number of FT Employees | Register Free to View |
Financing
$250,000 Down and Balance over Terms TBD
Business Description
This 25 years old laundromat is located at an extremely busy area in Brooklyn. The laundromat has 34 washers and 34 dryers; all are in good condition. 40% is drop-off and 60% is wash & fold. Size is 2700 sq. ft. Lease is for 15 years. As this is the only laundromat in the area, so it is busy throughout the business hours. Seller lives in Suffolk County, finds it hard to commute every day, going to Brooklyn; willing to finance, without interest. Seller's net cash flow, after paying all the expenses, is $140,000 a year.
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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.
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