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#Business ID: 19213

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High Income laundromat

Business Location: Queens, New York, United States

Asking Price: $ 895,000 Revenue: $ 624,000 Cash Flow: $ 263,200

Business Summary

High income laundromat. largest in the neighborhood.

Very dense residential neighborhood.

Located on busy street in the main shopping area.

Store has a drive through for drop-off.

Great buy.

Facilities: 7,000 SF store with 2 bedroom apartment included in rent. 9 year lease at $14,000/month with 3% escalations, real estate tax included. Lease can be extended to 20 years.

Property Details

Years Established:

2009

Property Type:

Lease

Other Business Details

Competition:

Largest Laundromat in the neighborhood with 90 washers and 90 dryers. Coin operated. Open 24/7. can be converted to card system at minimal cost.

Expansion Potential:

Other services can be added such as pickup and delivery etc. Currently no advertising or promotion. Cosmetic improvements and updating the interior and exterior will increase sales.

Business Operation Details

Employees:

2

Miscellaneous Details

Financing Available:

Yes
Bank financing available.

Reason For Selling:

Other businesses.

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