High Volume Laundromat In Metro Area
Queens County, NY

Financing: $2,880,000.00 Down and $320K over 3yrs. @ prime.

Reason for Selling:Divesting.

High Volume Laundromat in densely populated Queens neighborhood. This is a very unique deal. First off, the facility is a spacious 4,000 sf., stand-alone building with 68 washers and 68 dryers, only 3 yrs. old. The equipment alone is worth $1mil. There is a private parking lot for the businesses and it can operate 24/7, 365 days per year. The rent, including real estate tax, is $16K/mth. with 9 years left on the current lease. The lease can be extended for a well-qualified buyer. The current business is not open to the public. The seller will enter into a service agreement with a new owner for its commercial laundry volume as long as all service requirements are met. This translates into $1.3 mil. in annual commercial business with no marketing effort and a process that's already established. They just opened the self service and the annualized sales is about $50K. Based on the last year volume and price per pound and the drop off wash and fold business a buyer can expect approx. $1,500,000.00 with a net income of approx. $480,000.00. We are seeking a serious and financially qualified buyer with at least $2.9 mil. in liquid funds to cover the down payment. The ideal buyer would be familiar with the industry, but any serious and financially qualified buyer is welcome to inquire. Proof of funds will be requested before any site visits, buyer/seller calls or meetings. All meetings must be made by appointment only! To learn more please contact the broker Mel Vaz at 631-909-1095.

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