Laundromat w/ All New Machines in Prime Location
Richmond County, NY

Financing: $265,000.00 Down and None.

Reason for Selling:Serious health issue.

Laundromat w/ All New Machines in Prime Location. Fantastic online reviews. Owner selling due to a serious health issue. This laundromat is located in the busiest shopping center in the area with ample parking and several major anchor tenants. The sale price includes 20 Dexter Washers and 22 Dexter Dryers that are less than 1 year old. The store is 1,350 sq. ft with no basement. There are 4 years left on the current lease, but the landlord will offer a lease extension to a financially qualified buyer with good credit. The total rent is $7,861/mth (incl. taxes and CAM). The current owner is only in the store approx. 19 hrs/wk and has a dependable staff (2 F/T and 7 P/T). They are open 7 days from 6am-10pm. In the past year the business grossed approx. $444,000.00 (65% is pickup and delivery/wash and fold and 35% coin laundry) with a net cash flow of approx. $90,000.00 (for a p/t owner). THE SELLER KEEPS EXCELLENT RECORDS. No dry cleaning drop off is allowed due to a lease exception. We are seeking a serious and financially qualified buyer with at least $325,000 in liquid funds to cover the asking price and $60K in rent security/pre-paid property taxes. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be made by appointment only!

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