New Mega Laundromat financing with $650,000 Down

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Asking Price:
$1,800,000

Gross Revenue:
$1,129,284
Cash Flow:
$479,736
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$5,000
not included in asking price

FF&E:
$1,000,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

This laundromat business is increasing and increasing in sales every month. FINANCING available. Active Owner/operators needed to increase Profitability. Presently $39,978 per month net income. A new full-time operator can increase income on this Six-month-old, 5 Star Customer Service. Illness force sale of this well equipped Laundromat, Built From Scratch with 54 washers, 56 dryers. 10,000 Sq. ft. One-year-old equipment. 17 year left on a 20 years lease. The seller is willing to stay on for a transition period.
High Income Opportunity, Low investment of time, LOW RENT with a long-term lease.
New owner can expand corporate accounts and Wash Dry and Fold, pick up and delivery service for additional revenue. Great Location, lots of foot traffic, on-site parking.

Monthly Expense
Rent. $ 9,225
R E. Tax. 1,700
Water. 5,737.75. ( $ 3000 )
N Grid. 3,737.01. ( $ 1,500 )
C. Edison. 2,127.74. ( $.2,000 )
Par Roll. 22,000
Supplies. 2,500. (. $ 500 )
Verizon. 389
Garbage. 341
Insurance. 1,000
Car. Gas. 500

—————
Expenses 47,129

Store. Incom. $. 60,282.76

Account income. Start 11/05/2018

$. 33,825.00
$. 60,282.76
———————-
Total. Income. $. 94,107.00
Expenses. $. 46,129.00
——————
Net. $. 46,978
For the next bills. $. 7,000
. —————
Net. $. 39,978

About the Business

Location:
Brooklyn, New York
Year Established:
2016
Number of Employees:
4
Website:
linkbusiness.com
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About the Sale

Reason For Selling:
Health and family
Training/Support:
two weeks
Seller Financing:
TBA

Listing Info

ID:
1633802
Ad Detail Views:
0

Attached Files Attachment Disclaimer

  Confidentiality Agreement 010919... (94 KB)
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Business Listed by

Kingsley Allison

Link business NYC

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