Laundromat in Safe Neighborhood - 26876

Kings County, NY

Laundromat in Safe Neighborhood  - 26876

Asking Price:$560,000

Cash Flow:$140,602

Gross Revenue:$320,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:7

Laundromat in Safe Neighborhood - 26876

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Business Description

The seller is the landlord and, in that capacity, is willing to give you a new 20 year lease starting at just $4,000/month for this verifiably profitable and well-maintained medium-arge family-run laundromat located in a safe, diverse, and growing Brooklyn neighborhood. It's doubtful you'll uncover another gem of its kind. This 2,000 sq. ft. laundromat has 30 washers (18 regular, 8 large and 4 super large) and 30 dryers (15 Huebsch Originator Twin 30s), all approximately 8 years in use. $200K in revenue comes from self-service and another $100K from wash & fold (net of coins used) and dry cleaning. An additional $20K in profits derives from a variety of vending machines, an ATM, a massage chair, etc. You can definitely grow the laundromat's pick-up and delivery business through local advertising and by adding a driver to the payroll. The laundromat is housed in a 5-story, 18 unit residential building, all of which is currently under one water meter. The seller/landlord believes he is fairly representing the laundromat's share of the building's total annual water and sewer bill. He will at his own cost install a separate water meter for the laundromat at or around closing. You will find him glad to educate buyers who are new to the laundromat business.
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Employees:
3
Financing:
560,000.00 Down & Make your best all down offer!
Support & Training:
the seller will train the new buyer.
Reason for Selling:
retirement

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