MergerPlace

Absentee Laundromat for sale

New York (Kings)


  • Asking Price: $1,995,000
  • Gross Income: $780,000
  • Cash Flow: $334,803
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #214464
  • Established: 2
  • Employees: 4

Business Description

Brand new state of the art laundromat,under two years of age, located in Brooklyn, NY. The business offers Ten parking spots. This 5000 sq. ft fully automated laundromat is equipped with 14 washers for loads of 60 lb, 2 washers for loads of 80 lb, 16 washers for loads up to 30lb, 20 washers for loads of 20 lb. And 56 dryers with a capacity of 30 lb.each. The business operates on ESD card system. The revenue break down shows 77% self service, 11% wash and fold. In addition, the business offers 4 convenient drop store locations which generate 12% revenue. The numbers are annualized on the basis of the real earnings of a six-month period. The estimated annual net cash flow for an absentee owner operator is estimated at 334K. Bank financing is available, requiring a down payment 0f 35%. Contact Doug today, at 908 851 9040 x 204 and schedule a personal tour of the facility.


Business Details

Primary Business Category: Services - Other Services
Location: New York
County: Kings

Company Information

Year Established: 2
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4

Financial Information

Asking Price: $1,995,000
Gross Revenue: $780,000
Cash Flow: $334,803
Seller Financing Available: No

Property Information

Growth & expansion opportunities:

Laundromat is still new and in continuing to show growth

Competition:

Little competition in area

Reason for selling:

Seller has health issues

Support & Training:

Seller will train new buyer

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Larry Bodner

Executive Business Brokers