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This Business has been Sold!
Closing Date: 06/15/2022
Broker: Syed Ahmed
Business for Sale Summary

Popular Laundromat for sale in New York - 34701

Business Type: misc. service/non-classifiable,other personal services,laundromats
Sold
Popular Laundromat for sale in New York
On June 15th 2022, The Undersigned
Acted as the Advisor to the Deal
Syed Ahmed
Syed Ahmed Senior Broker
Servicing: Nassau County, NY
Suffolk County, NY
Kings County, NY
Bronx County, NY
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1(877) 735-5224 to discover the difference that is Vested Business Brokers.

Financial Information (non-confidential)

General Information
Asking Price $85,000 Down Payment $85,000
Gross Revenues $90,000 Lease Remaining Register Free to View
Owner’s Cash Flow $45,000 Number of FT Employees Register Free to View

Financing

$85,000 Down and

Business Description

This 20 years old laundromat is located in a heavily-populated area on Long Island. Rent is $3,000 a month; a long lease. There is no other laundromat in a near-by vicinity. Has 18 washers and 16 dryers; all are in good condition. 80% business is drop-off. The seller, for a personal reason, closes at 2pm. A great opportunity for a new buyer to open till 8pm to increase the revenues. The seller's net cash flow, after paying all the expenses, is $45,000 a year. Call Syed at 631-374-7686 for more information.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

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.