Established Laundromat in New York County 30645

Contact Seller
Asking Price:
$230,000

Gross Revenue:
$195,600
Cash Flow:
$63,480
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$1,000
not included in asking price

FF&E:
$50,000
included in asking price

Real Estate:
 Not Disclosed

Share this business:

Business Description

Price Just Reduced on this Long Established Laundromat .
Tremendous upside for a more a new more hands-on owner. The current one comes in maybe seven hours per week. You would be well-advised to add pick-up and delivery as a customer service option. You might also want to add drop-off dry cleaning to the services currently offered here. As it is, 52% of sales come from drop-off wash & fold, 26% from coin self-service, 20% from two commercial accounts (which the seller assures will continue on with you),and 2% from soap sales. Twelve new double-stacked Dexter dryers were installed just four years ago and are now fully paid off. For washers, you will find two Wascomat Super Load machines, five Wascomat Super Junior W105 Double Loader Plus, and nine Wascomat Junior W75 Double Loaders - all in good working order. The landlord stands ready to extend the existing lease to at least 10 years. The base rent is only $4,180/month, which is well below-market in an affluent neighborhood like this one.The laundromat has been around for about 50 years and its current owner has had it for almost ten. Did I say that he comes in maybe 7 hours/week? Do be very discreet when visiting this location, as the employees and customers do not know it's for sale. Then, kindly contact listing broker ,Jay Goldman, should you have any questions and would like to make an appointment to speak with the owner. Please call for further information.

About the Business

Location:
Queens County, New York
Number of Employees:
3
Contact the Seller

About the Sale

Reason For Selling:
Owner is spread too thin between his many business interests
Training/Support:
Yes

Listing Info

ID:
1596226
Ad Detail Views:
0

Contact the Seller
$
Please confirm you're not a robot
Contact the Seller
Business Listed by

Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

 Show Phone Number

View My 2378 Active Listings
U.S. Census Data for Queens County, NY
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Queens County, NY
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


Similar Listings


Report an Issue 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.