Huge Laundromat Suffolk County, NY 32348

Suffolk County, NY

Huge Laundromat Suffolk County, NY 32348
Contact Seller

Asking Price: $190,000

Cash Flow: $54,600

Gross Revenue: $170,000

EBITDA: N/A

FF&E: $200,000

Inventory: $1,000*

Established: N/A

*not included in asking price.

Huge Laundromat Suffolk County, NY 32348

Save Print Share Valuation Report

Business Description

Great laundromat with amazing business potential!

Huge Laundromat - 4,000 Sq. Ft. This is what you are looking for in Suffolk County. Great laundromat demographics, large shopping center with over 75 parking spaces, fully up-to-code permits and water filtration system (with multiple pumps), 31 washers and 36 dryers, and a full basement. 19 of the washers are new card readers that are only 18 months old. The owner keeps solid records. The business is approx. 60% coin laundry, 35% wash and fold and 2 commercial accounts. This is ideal for an owner-operator or family to run. There is huge upside with the addition of dry-cleaning drop off (they do not offer this at all) and pick-up and delivery for residential and commercial clients. There are many apartment complexes in the area. The owner only spends 10 hrs/wk at the store and does not have the time to take advantage of these opportunities. In the past year the business grossed approx. $170,000.00 with a net profit of approx. $54,600 for an owner/operator. There are 7 years left on the current lease at a rent of $4,800/mth. This can be extended for a qualified tenant. We are seeking a serious and financially qualified buyer with at least $190K in liquid funds to cover the asking price and inventory. To learn more, please call or email Mel Vaz today at 631-909-1095 or melvaz@vestedbb.com. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT SPEAK WITH ANYONE WHEN VISITING THE LOCATION. ALL MEETINGS MUST BE MADE BY APPOINTMENT ONLY!

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.

Detailed Information

Location:
Suffolk County, NY
Inventory:
Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Support & Training:
Yes
Contact Seller

Contact the Seller

Contact Seller Loading

Vested Business Brokers, Ltd

Business Listed By:
Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

Show Phone Number

View My Listings

Listing Statistics

Unlock

Demographic Information

Unlock


Ad#:1638022 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Fibrenew

Franchise Opportunity
Capital Required: $85,000