Laundromat. Great Income & Prime Location. PRICED TO SELL.

Bronx, NY (Bronx County)

Laundromat. Great Income & Prime Location. PRICED TO SELL.

Asking Price:$600,000

Cash Flow:$179,000

Gross Revenue:$500,000





Laundromat. Great Income & Prime Location. PRICED TO SELL.

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Business Description

A MUST buy Laundromat PRICED TO SELL.
Excellent high traffic area with substantial upside potential for an experienced operator or owner/operator.
Rent is well below market for the area.
Owner is only selling due to health issues.
Price is negotiable and owner MUST SELL.
Sign and send the attached NDA for more information.
T: 917-834-4063
F: 201-568-5401

Attached Documents

Detailed Information

2700 SF store with 15 year lease at $12,650/month with 8% increases every 3 years. Real estate taxes 2016/17 base.This rent is BELOW market for the area. 50 washers and 56 dryers with card system. All Speed Queen 8 years old. Store is in good condition but could benefit with a cosmetic upgrade.
Premier laundromat in the area with constant high foot traffic. Surrounded by large apartment buildings and on the main shopping street on the way to the subway. Always busy with customers and wash & fold.
Growth & Expansion:
Recently introduced pickup & delivery and it is growing weekly. Improved customer service, advertising and promotion will increase sales substantially for wash & fold, in-store, dry cleaning & pickup & delivery..
Support & Training:
Owner will transition.
Reason for Selling:
Health issues force owner to sell.

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Brian Elkin

Business Listed By:
Brian Elkin

Elkin & Lee Business & Realty Advisors

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