Large & Established Laundromat in Manhattan - 31433

New York County, NY

Seller Financing Available
Large & Established Laundromat in Manhattan  - 31433
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Asking Price: Get Financing: $699,000

Cash Flow: $236,675

Gross Revenue: $1,037,453

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2003

Large & Established Laundromat in Manhattan - 31433

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Business Description

This Large & Established Laundromat in a safe & densely populated Manhattan neighborhood has just come on the market. You can purchase it for less than 3 times what the seller annually puts in his pocket and he might just provide some financing, too. It's equipped with two brand new 60 lbs. Electrolux washers, and 22 Dexter washers (ten 30 lbs., nine 40 lbs., and three 60 lbs.), all very well-maintained. You will also find two brand new 50 lbs. Electrolux dryers and twenty 25 lbs. Dexter dryers (double-stacked). The store is staffed with seven full-time and four part-time wash & fold /attendants and two full-time drivers. The revenue sources break down as such: 23%, walk-in wash & fold and dry cleaning, 58%, wash & fold for fifteen gyms, and 19%, wholesale wash & fold for a pick-up & deliver app that the seller owns and which is still ramping up. This app is rather sophisticated and can also be purchased at a price to be determined. Upon meeting with the seller, he will explain the ins and the outs of the various aspects of his laundromat's business and this app. Please be extremely discreet when visiting the laundromat, as the employees and customers do not know that it's for sale. To make an appointment to meet with the seller to get a full tour and ask some basic questions, please contact the listing broker, Jay Goldman, at 1-877-735-5224.

Detailed Information

Employees:
11
Financing:
549,000.00 Down & The sellers are willing to finance $150K at 6% over 18 months.
Support & Training:
YES
Reason for Selling:
Seller has other larger business interests that they now need to focus in on.
Business Website:
http://www.vestedbb.com
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(from currently available funds)
 
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Vested Business Brokers, Ltd

Business Listed By:
Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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