Established Laundromat in Kings County, NY - 31812

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Asking Price:
$385,000

Gross Revenue:
$330,000
Cash Flow:
$120,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$6,000
not included in asking price

FF&E:
$200,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

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.

About the Business

Location:
Kings County, New York
Number of Employees:
5
Website:
www.vestedbb.com/lid-31812
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About the Sale

Reason For Selling:
Personal
Training/Support:
Seller will train
Seller Financing:
250,000.00 Down & Balance over Terms TBD

Listing Info

ID:
1591552
Ad Detail Views:
0

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Business Listed by

Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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