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Business for Sale Summary

Laundromat for Sale in Pennsylvania - 36586

Business Type: dry cleaning/ laundry services,misc. service/non-classifiable,other personal services,laundromats
Laundromat for Sale in Pennsylvania
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Financial Information (non-confidential)

General Information
Asking Price $250,000 Down Payment $250,000
Gross Revenues $196,000 Lease Remaining Register Free to View
Owner’s Cash Flow $71,000 Number of FT Employees Register Free to View

Financing

$250,000 Down and

Business Description

A multi-purpose laundromat in Philadelphia County has become available. The laundromat features a coin-operated laundry service, an extensive wash and fold business, heavy-duty stain removal, dry cleaning and some tailoring. The laundromat is open from 2pm to 10pm 7 days per week and includes 29 washers and 21 dryers all in operating condition and with large heavy-duty washer and dryer capacity. The business specializes in the wash and fold business and in full-size blankets, comforters and curtains in particular. The business is more than 40 years old, and the space is filled to the rafters with wash and fold business that occupies the total attention of the owners in their 8-hour days. It lacks soap and bleach dispensers, vending machines, an ATM and all the other revenue generating features that are normally found in laundromats. Most of all it lacks hours of the day. The space is almost 3,000 sq. ft.; it has ample off-street parking, and the building is standalone and must be sold with the business. The owners are retiring. For more information, contact Gerald Nimberg, Senior Business Broker, Vested Business Brokers at 646-269-4616.

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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.