Completely renovated coin laundromat located in East Harlem NY 30 washers 30 dryers all are manufactured by Dexter only three years old. Owner invested 850k between the build-out cost and the equipment 3 years ago. 43% self-service (owner picks up 2/3 customers a day), 43% wash & fold (owner picks up from 12 drop stores nearby as well as some residential customers) for pick up and delivery they charge $1.25lb regular wnf drop off is $1 per lb, 10% Dry Cleaning & 4% soap sales. Bank financing available for a qualified buyer with 35% down. Owner works the store six days a week from 7am-5pm as well as 4 ft employees & 1 pt employee Lots of the traffic busy intersection great demographics.
About the Business
New York County, New York
Number of Employees:
1900 sqft laundromat in the heart of all the action. 12 years on the lease.
There is competition in area but demographics warrant this service
Growth & Expansion:
Owner operator with more energy can expand into commercial accounts.
Asking Price: $950,000 Gross Revenue: $600,000Cash Flow: $245,125 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
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