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Laundromat For Sale

Kings County, New York, United States
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Asking Price$1,999,000
Revenue$684,200 Established2005
Cash Flow$370,000 Employees2 full, 2 part
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This Laundromat over 4500 sq ft has been established for 5 years, with a 20 year lease and absentee owned with master lease - subtenant pays $4,400 per month which adds another $52,800 to the net cash flow. Very profitable and has all the potential for a new investor to take it to a new level. State of the art operation and added latest technology, with over $550,000 of equipment which makes this location very desirable. The seller has given Vested 5 total Laundromat that he would prefer to package for the right investor. They all are very similar in size and technology. Each has master tenant, therefore reducing the rent further from the top. Proof of funds is a must.
Training/Support:seller will train
Seller Financing:$1,999,000.00 Down and negotiable
Sale Reason:builds laundromats
Ad #40530
Seller Reference #20856
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Contact This Seller
Rafael Felix
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