Laundromat and Drop-Off Dry Cleaners in Bklyn - 26876

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Asking Price:
$525,000

Gross Revenue:
$320,000
Cash Flow:
$131,002
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

The seller is the landlord and, in that capacity, is willing to give you a brand new, below-market, 20-year lease, starting at just $5,500/month. He is also open to giving you the right of first refusal to purchase the four-story residential building within which the laundromat is housed. This is a very well- maintained 2,000 sq. ft., family-run laundromat, located in a safe, diverse and ever-gentrifying Brooklyn neighborhood. It's doubtful you will uncover another gem of its kind. The laundromat contains 30 washers (18 regular, 8 large, and 4 super-large) and 30 dryers (15 Huebsch Originator Twin 30s) - all approximately 11 years old and in very good condition. Around $200K in revenue comes from coin self-service. Another $100K comes from drop-off wash & fold and drop-off dry cleaning. An additional $20K in profits derives from a variety of vending machines, ATM, massage chair, etc. You can definitely grow the laundromat's business by offering pick-up and delivery service. The seller is more than glad to educate a buyer who is new to the laundromat business. Please be very discreet when visiting, as the employees and customers do not know it's for sale. Then, kindly contact the listing broker, Jay Goldman, to make an appointment to meet with the seller and get a full tour of the facilities. Please call for further information.

About the Business

Location:
Kings County, New York
Year Established:
2008
Number of Employees:
2
Website:
www.vestedbb.com
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About the Sale

Reason For Selling:
Retirement
Training/Support:
Yes
Seller Financing:
525,000.00 Down & Make your best all down offer!

Listing Info

ID:
1599132
Ad Detail Views:
0

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Business Listed by

Vested Business Brokers, Ltd

Vested Business Brokers, Ltd

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