Laundry Route-SHRT HOURS-Servicing Suffolk County - 30577 Business Type: laundromats,cleaning services,dry cleaning/ laundry services,owner financing available
Acted as the Advisor to the Deal
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $122,000 | Down Payment | $70,000 |
| Gross Revenues | $113,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $70,000 | Number of FT Employees | Register Free to View |
Financing
$70,000 Down and $52K over terms TBD.
Business Description
Laundry Route - Servicing Suffolk County. THIS IS NOT A LAUNDROMAT, BUT A LAUNDRY ROUTE. They currently have approx. 318 accounts that are serviced at a third-party laundromat. $0 MARKETING BUDGET. A new owner can continue to use that laundromat or find a new location. THE CURRENT OWNER ONLY WORKS 15-20 HRS/WK ON AVERAGE. This would be an ideal add-on to a buyer who currently owns a laundromat in Suffolk County. Route Gross profit before tax is 62%. With seasonal/summer customers an additional $10,000 will be realized in 2018. Total profit without reducing costs will exceed $70,000 on $113,000 of revenue. They are the lowest price service in the area. Customers who pay by credit now represent approximately 70% of Revenue. Corporate customers paying by check are under contract. Very few pay with cash. 75% of our customers are recurring weekly/bi-weekly or monthly. 20% are recurring, but call at their convenience. 5% are new or random. We are seeking a serious and financially qualified buyer with at least $70K in liquid funds to cover the downpayment. To learn more, please call the broker at 1-877-735-5224.
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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