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Posted: Thursday, January 11, 2018 11:43 AM


Laundromat in Heavily Populated Area

Business Description: Laundromat in Heavily Populated Area. This laundromat is located in one of the most heavily populated cities in NY state.
It has been established for over 30 years and is in a great corner location of a strip mall with good parking.
They offer 22 Wascomat washers and 24 Dexter double stack dryers. The store is 1,500 sq. ft with a full 1,500 sq.ft. basement.
There are 10 years left on the current lease at a rent of $5,100/mth. (base of $4,500/mth plus taxes and CAM)
The current owner is only in the store approx. 12-14 hrs/wk and has a dependable staff (1 F/T and 1 P/T).
They are open 7 days (M-F 7am-10pm, Sat. 6:30am-10pm, Sun. 6:30am-9pm).
In the past year the business grossed approx. $225,000.00 (60% of sales is coin laundry and 40% wash and fold service) with a net cash flow of approx. $60,000.00 (for a p/t owner).
We are seeking a serious and financially qualified buyer with at least $190,300 in liquid funds to cover the downpayment and 3 months rent security.
To learn more, please call the broker Mel Vaz at 1-877-735-5224 ALL SITE VISITS MUST BE DISCREET.

Asking Price: $219,000.00

Gross Revenue: $225,000.00

Owner's Cash Flow: $60,000.00

Down Payment: $175,000.00

For more information, contact Vested Business Brokers at 1(877) 7355224.

We have over 3,700 businesses for sale, many with owner financing. Visit our site today to find the business that's right for you.

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.

• Location: Westchester, Westchester County

• Post ID: 153342532 westchester

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