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NY Commercial Laundromat

Orange County, NY

Seller Financing Available
NY Commercial Laundromat
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Asking Price: $195,000

Cash Flow: N/A

Gross Revenue: $102,840


FF&E: $150,000

Inventory: N/A

Established: N/A

NY Commercial Laundromat

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Business Description

Excellent opportunity to own this commercial laundromat in a wonderful area of Orange County, New York. The business is on a commercial avenue with various other successful business which attract a high volume of customers. This wonderful location is on a high traffic road and additionally offers a wash and fold service. The business has twenty-one (21) commercial washers and twenty-two (22) dryers. This is an excellent opportunity which can be substantially improved with an improved marketing plan. This laundromat business consist of three full / part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $2,900. A new 10-year commercial lease can be provided. This business opportunity has been valued at $195,000 for the business, based on the value of the specific business assets. The real estate is available through the seller’s realtor at $475,000. Seller financing can be considered to a qualified buyer with an appropriate down payment, collateral and credit rating. This is a dependable business opportunity. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo may not represent this particular business.

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Detailed Information

Orange County, NY
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
This commercial laundromat consists of 2,000 square feet is located in a highly active mall with numerous other businesses. The laundromat has a full basement and is conveniently located on an active county road. The laundromat is near various active businesses which attract various shoppers. This opportunity is in Orange County, New Jersey, which consists of highly populated communities with continued demand for this service.
To the best of our knowledge, and due to licensing requirements, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
Growth & Expansion:
The business presently has no marketing plan, no web site and an absentee owner, if improved can further develop the business yearly cash flow.
Can be considered to a qualified buyer.
Support & Training:
The owner will remain after-closing for 30 days in order to supply an appropriate transitional period to the new operator.
Reason for Selling:
The sale is due to the owner’s absenteeism.
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(from currently available funds)
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Ron Cervelli

Business Listed By:
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Regal Consulting Corp.

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