Very Profitable Coin-Operated Laundromat For Sale

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Asking Price:
$449,000

Gross Revenue:
$463,000
Cash Flow:
$100,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

This Business is a coin-operated Laundromat which also offers dry cleaning drop off, and wash, dry and fold services (Dry cleaning is contracted and provided by a local dry cleaner). Customers are primarily local housing renters who do not have access to laundry equipment, or, home owners who prefer to perform their laundry all at once. The business has developed a very good reputation by providing its customers with a clean, safe, and well operated facility, backed by friendly and attentive customer service.

About the Business

Location:
Catskill, New York
Year Established:
2006
Number of Employees:
3
Real Estate:
Leased
Building Sq. Ft.:
2,640
Rent:
$3,520.00 Per Month
Facilities:
The business occupies 2,460 square feet of retail space within a busy strip shopping center. The premises are in good repair with little or no deferred maintenance. Customer parking within the plaza is ample, well paved and lighted.
Market Outlook/
Competition:
There is very limited competition. One smaller Laundromat has opened and closed a few times.
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About the Sale

Reason For Selling:
The Seller has other family business interests.
Training/Support:
The Seller will stay on for a mutually agreeable and reasonable period of time, to train new ownership and to promote a smooth transfer of the business.

Listing Info

ID:
1649162
Ad Detail Views:
314

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Business Listed by

Carl J. Cusano, MBA, CBI

Capital Business Advisors, Inc.

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