Large Laundromat in Heavy Foot Traffic Area

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Asking Price:
$1,240,000

Gross Revenue:
$676,000
Cash Flow:
$210,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

Super Laundromat Under Owner Absentee Operation
Situated in Heavy Foot Traffic Area Near Train Station
Size: 5000SF, 60 Washers 60 Dryers Well Maintained, Card System
Lease: 8 Yr plus 20 Yr Option, Street Parking - Additional Parking available (with Fee) ,3% Increase, Weekly: $13,000 Rent: $10,600 plus Property Tax
Payroll: $1,950/wk, Gas & Elec: $1,950 Water & Sewer: $1465/Wk
Repair: $600/mon Insurance: $167/mon Cable & Tv: $240
Machines are on maintenance Contract
Additional Income with Owner Operation with Dry Cleaning Drop Off

About the Business

Location:
Bronx County, New York
Year Established:
2014
Number of Employees:
6
Real Estate:
Leased
Building Sq. Ft.:
5,500
Rent:
$10,600.00 Per Month
Facilities:
5500 SF, 60 Washer and 60 Dryers.
Located in Heavy Foot Traffic and Business Traffic Area in Bronx
Market Outlook/
Competition:
Yes
Growth & Expansion:
YES- More income under Owner Operation
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About the Sale

Reason For Selling:
Retirement
Training/Support:
3 Week Training
Seller Financing:
No

Listing Info

ID:
1609113
Ad Detail Views:
0

Attached Files Attachment Disclaimer

  Laundromat Flyer_ Bronx.pdf (2 MB)
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Business Listed by

ERIC SUH

Young Star Realty, LLC

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