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Asking Price$549,000
Revenue$297,000 Established1978
Cash Flow$155,500 Employees2 full, 1 part
FF&E$250,000 FranchiseNo
Inventory$2,500 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Established in 1978, this absentee-run, modernized, clean and spacious laundromat, located in Staten Island, has been owned by the same person for the past 13 years. The landlord stands ready to give you a brand new 10 year lease, with a 5-year option, starting at just $3,600/month. There is 1,500 square feet, inside, and a parking lot with 60 spaces. The 20 washers and 20 dryers are only about a year old, and are ultra-efficient on energy and water. The washers consist of one 80lb load Wascomat, three 60lb ADCs, seven 45lb ADCs, and nine 25lb ADCs. The dryers are all 45lb, double-stacked ADCs. The state-of-the-art vending machine dispenses approximately $5K/year in soft drinks, detergents and softeners. Wash and fold accounts for 60% of gross, and 40% is coin self-service. This is an all-cash business. You may be able to increase your sales by accepting credit cards and promoting the availability of pick-up and delivery, and drop-off dry cleaning. You can put more money in your pocket, should you choose to be more hands-on, thereby eliminating one or more employee salaries. Lastly, you would be well-advised to generally do more advertising, both traditional and social media, to draw more business to this location. It certainly can handle it! Please be prepared to make your best offer, as this one is going to move quickly, given the seller is only asking four times what he profits. The equipment is almost brand new, and the laundromat comes with a long lease and very reasonable base rent. Do be very discreet when visiting the location, as the employees and customers do not know it is for sale. Kindly then contact listing broker Jay Goldman, should you have any questions and would like to make an appointment to meet with the owner. Please call 1-877-735-5224 for further information.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.
Training/Support:Seller will train buyer.
Seller Financing:449,000.00 Down & The seller will finance $100,000.00 at 6% over 24 months
Sale Reason:Seller has other business interests.
Ad #101398
Seller Reference #27965
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