Asking Price: $385,000 Gross Revenue: $330,000Cash Flow: $120,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $6,000 not included in asking priceFF&E: $200,000 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.
This 25 years old laundromat is located at an extremely busy area in Brooklyn. The laundromat has 34 washers and 34 dryers; all are in good condition. 40% is drop-off and 60% is wash & fold. Size is 2700 sq. ft. Lease is for 15 years. As this is the only laundromat in the area, so it is busy throughout the business hours. Seller lives in Suffolk County, finds it hard to commute every day, going to Brooklyn; willing to finance, without interest. Seller's net cash flow, after paying all the expenses, is $140,000 a year.
Established Laundromat in Kings County, NY - 31812
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
and assumes no responsibility for its accuracy, veracity, or completeness. See our
full Terms & Conditions.