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Coin Operated Laundry

Middletown, NY (Orange County)

Coin Operated Laundry
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Asking Price: $229,000

Cash Flow: $90,000

Gross Revenue: $195,223

EBITDA: N/A

FF&E: $75,000

Inventory: N/A

Rent: $1,000 /Month

Established: 1966

Coin Operated Laundry

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Business Description

Located in the heart of the town and have been operating for over 50-years. Most of the customer base lives within a mile, and many have been walking to this laundromat. Business customers also use the fold & wash service that is offered. The laundromat has supported and been involved with the community through advertising with the schools, local sport teams, local camps, local police, little league, and is very much respected in the community. Equipment includes: 17 washers, 24 dryers and new leasehold improvements like electrical & gas lines. A 5-camera surveillance system lets you view the premises from home or your phone.

Detailed Information

Location:
Middletown, NY
Real Estate:
Leased
Building SF:
1,000
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The lease terms are fantastic lease at $1,000 per month plus 60% of the water bill. The current lease goes to 2037.
Reason for Selling:
Other business interests.
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(from currently available funds)
 
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Michael Capuano

Business Listed By:
Michael Capuano

Millennium Realty Inc

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