Large Laundromat in Heavy Foot Traffic Area

Bronx County, NY

Super Laundromat in NYC
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Asking Price: $1,240,000

Cash Flow: $210,000

Gross Revenue: $676,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $10,600 /Month

Established: 2014

Large Laundromat in Heavy Foot Traffic Area

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Business Description

Super Laundromat Under Owner Absentee Operation
Situated in Heavy Foot Traffic Area Near Train Station
Size: 5000SF, 60 Washers 60 Dryers Well Maintained, Card System
Lease: 8 Yr plus 20 Yr Option, Street Parking - Additional Parking available (with Fee) ,3% Increase, Weekly: $13,000 Rent: $10,600 plus Property Tax
Payroll: $1,950/wk, Gas & Elec: $1,950 Water & Sewer: $1465/Wk
Repair: $600/mon Insurance: $167/mon Cable & Tv: $240
Machines are on maintenance Contract
Additional Income with Owner Operation with Dry Cleaning Drop Off

Attached Documents


Detailed Information

Real Estate:
Leased
Building SF:
5,500
Lease Expiration:
N/A
Employees:
6
Facilities:
5500 SF, 60 Washer and 60 Dryers. Located in Heavy Foot Traffic and Business Traffic Area in Bronx
Competition:
Yes
Growth & Expansion:
YES- More income under Owner Operation
Financing:
No
Support & Training:
3 Week Training
Reason for Selling:
Retirement
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(from currently available funds)
 
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ERIC SUH

Business Listed By:
ERIC SUH

Young Star Realty, LLC

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