Two Laundromats including Real Estate!

Asking Price$4,500,000

Cash Flow
$550,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$850,000

InventoryNot Disclosed

FF&E$1,600,000
Included in asking price
Real Estate$3,190,000
Included in asking price
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Two Laundromats including Real Estate!


Asking Price$4,500,000

Cash Flow
$550,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$850,000

InventoryNot Disclosed

FF&E$1,600,000
Included in asking price
Real Estate$3,190,000
Included in asking price
Business Description
Sale includes two laundromat locations and real estate. They some of the most impressive and financially powerful laundromats available in WNY. They are near newly built out and turn key for years to come. The owner spared no expense regarding mechanical systems and infrastructure. Hertel has Dexter live to easily track sales and maintenance. Military includes two upper apartments (One unit is partially gutted and not livable, being sold as-is. One unit is the owner's living quarters and lease TBD, 12 months max). Military was built out new 1999-2000 and all equipment was replaced at Military in 2022 and cost well over $550k. Hertel is all new from 2019. All include top of the line Dexter appliances. Brand new boiler and holding tank at Military 2025. The exterior at Military was completely repointed and painted fall 2024. Each location includes several accessory assets including vending machines, arcade games, auto vacuums, soap and change dispensers, and wash and fold necessities. Both locations are open 24/7 and there are 8 employees total. Grosses approximately $70,000 a monthly. ZERO owner financing is available.
About the Business
Facilities & Assets
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.
Market Outlook / Competition
There are several small laundromats within a 5 miles radius.
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
13,470
About the Sale
Seller Motivation
This is an estate.
Transition Support
Owner will train, terms negotiable.
Listing Info
ID
2416942
Listing Views
56

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Business Listed by: Shannon McNichol Nichol City Business Brokers

Listing ID: 2416942 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.