Asking Price: $750,000 Gross Revenue: $1,045,722Cash Flow: $242,560 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $10,000 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 Very Profitable Laundromat in a safe & densely populated Manhattan neighborhood can be purchased for just 3 times its annual cash flow. The laundromat is equipped with two brand new 60 lbs. Electrolux washers and 22 Dexter washers (ten 30 lbs., nine 40 lbs., and three 60 lbs.) -- all very well-maintained. You will also find two brand new 50 lbs. Electrolux dryers and twenty 25 lbs. Dexter dryers (double-stacked). Revenue sources break down as such: 23.5% from walk-in wash & fold and dry cleaning; 59% from wash & fold for multiple gym accounts; and 17.5% from wholesale wash & fold for a pick-up & deliver app that the sellers own and which is still ramping up. This app is rather sophisticated and can also be purchased at an additional cost to be determined. Upon meeting with the sellers, they will explain the ins and the outs of all aspects of laundromat's business and this app. A Ford Transit 150 delivery van and all of the machinery are included in the asking price and will come debt-free to you. Please be extremely discreet when visiting the laundromat, as the employees and customers do not know that it's for sale. To make an appointment to speak with the sellers and get a full tour of the facilities, please contact the listing broker, Jay Goldman.
Large and Established Laundromat in Manhattan 31433
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