Absentee Laundromat for sale

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Business Description

Brand new state of the art laundromat,under two years of age, located in Brooklyn, NY. The business offers Ten parking spots. This 5000 sq. ft fully automated laundromat is equipped with 14 washers for loads of 60 lb, 2 washers for loads of 80 lb, 16 washers for loads up to 30lb, 20 washers for loads of 20 lb. And 56 dryers with a capacity of 30 lb.each. The business operates on ESD card system. The revenue break down shows 77% self service, 11% wash and fold. In addition, the business offers 4 convenient drop store locations which generate 12% revenue. The numbers are annualized on the basis of the real earnings of a six-month period. The estimated annual net cash flow for an absentee owner operator is estimated at 334K. Bank financing is available, requiring a down payment 0f 35%. Contact Doug today, at 908 851 9040 x 204 and schedule a personal tour of the facility.

About the Business

Location:
Kings County, New York
Year Established:
2017
Number of Employees:
4
Market Outlook/
Competition:
Little competition in area
Growth & Expansion:
Laundromat is still new and is continuing to show growth
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About the Sale

Reason For Selling:
Seller had health issues
Training/Support:
Seller will train new buyer

Listing Info

ID:
1641981
Ad Detail Views:
0
Asking Price:
$1,995,000

Gross Revenue:
$780,000
Cash Flow:
$334,803
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Listed by

DOUGLAS BODNER

Executive Business Brokers

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Sponsoring Broker:

Larry Bodner
Executive Business Brokers


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