Great Opportunity to own a newly retooled & renovated store in great area.

Financing Available: $135,000 cash down payment and bank loan of $195,000 for 8 years. This is a current loan that is assumable.

This is store is located in a busy section of Flatbush surrounded by apartments.

It's about 1300 sq ft with a full basement. Rent is about $4000 and it's a gross lease with 15 years left.

THIS STORE HAS ONLY BEEN REOPENED FOR 2 MONTHS AFTER CLOSING 6 MONTHS TO RETOOL AND FULLY RENOVATE.

20 New washers plus new awning, floor, ceiling, gate, paint, etc.

22 dryers. 2 brand new and 20 about 10-12 years old.

This store is currently run absentee with 4 employees covering all the hours generally from 6AM -10PM.

However, this store can also run unattended as wash & fold is only about $200 a week right now at $1 lb.

You can run the store attended or unattended- this is up to new owner. The store has auto gates but would need an automatic door conversion.

Owner lives in far away but travels to NY frequently. After opening store, he quickly realized that being that far and not always nearby would be a problem. This is why he is selling.

There is nothing to do with this store but come in and manage and re-build sales since it just reopened 2 months ago.

AGAIN- Store has only be reopened about 2 months so revenue and profits are just starting to rebuild.

$330,000 FIRM

Financing Available with $135,000 down and $195,000 financed over 8 years about 8%.