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#Business ID: 19196

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Brand & High Income Laundromat Business

Business Location: Kings, New York, United States

Asking Price: $ 850,000 Revenue: $ 520,000 Cash Flow: $ 196,000

Business Summary

Guarantee Your Income For Life!

Great location and the newest biggest Laundromat in the area. Well located in the shopping area and close to dense residential apartment buildings.

Always busy and lots of upside with additional services.

These type of BRAND NEW Laundromats are not usually available for sale.

Great price. Contact me to discuss purchase options.

A must buy.

Facilities: 5000 SF store with full basement. Prime location. Rent including real estate taxes $8,800/month with 2% increases. 20 year lease. Brand new renovation 2013. Equipment almost 4 years old. 54 Washers 56 Dryers.

Property Details

Years Established:

2010

Property Type:

Lease

Other Business Details

Competition:

Located in the main shopping area. Dense residential population. Largest, newest Laundromat in the area. Coin system.

Expansion Potential:

Machine volume is 80% of sales. Can increase wash & fold and dry cleaning business substantially. Pickup & delivery service can be started to expand customer area. As it is the newest Laundromat in the area business is building.

Business Operation Details

Employees:

3

Support & Training:

Owner will transition

Miscellaneous Details

Reason For Selling:

Other interests.

Contact this seller

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