One of the BEST Laundromats in Buffalo!

Sale Pending

Asking Price$2,500,000

Cash Flow
$350,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$600,000

InventoryNot Disclosed

FF&E$775,000
Included in asking price
Real Estate$1,175,000
Included in asking price
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One of the BEST Laundromats in Buffalo!


Sale Pending

Asking Price$2,500,000

Cash Flow
$350,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$600,000

InventoryNot Disclosed

FF&E$775,000
Included in asking price
Real Estate$1,175,000
Included in asking price
Business Description
Porter Ave Coin Laundry. Impressive stand alone building all built out and brand new in 2015, the owner spared no expense regarding mechanical systems and infrastructure. Top of the line Dexter machines. The 24 Encore soft mount washing machines are only one year old. Includes 3 vending machines, 1 ATM, 1 bill break, 1 change machine. This is a cash only store but Dexter app pay can be added to the smart machines. Grosses approximately $50,000 monthly. Call listing Broker to complete a buyer interview prior to signing an NDA to review detailed financial information. No seller financing available.
About the Business
Years in Operation
10
Facilities & Assets
Includes several accessory assets including vending machines, arcade games, auto vacuums, soap and change dispensers, and wash and fold necessities. Open 24/7 and there are 6 employees total.
Opportunities for Growth
There is currently no advertising, social media, or website. They also do not advertise wash/fold - there are huge opportunities to expand this revenue segment.
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
8,298
About the Sale
Seller Motivation
This is an estate.
Transition Support
Owner can train, terms negotiable.
Listing Info
ID
2416854
Listing Views
1140

Contact Seller

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Business Listed by: Shannon McNichol Nichol City Business Brokers

Listing ID: 2416854 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.