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Laundromat For Sale - 30032

Kings County, New York, United States
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Asking Price$130,000
Revenue$124,800 EstablishedUndisclosed
Cash Flow$51,700 EmployeesUndisclosed
FF&E$10,000 FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Located in a Gentrifying Section of Brooklyn, this 900 Sq. Ft. Laundromat is 20 years old with machines of approximately the same age: 21 Maytag washers (6 large load, 15 regular load) and 14 double-stacked Dexter dryers. On average, these machines are in fair condition. The Laundromat is owned by its very reasonable landlord, who is willing to give you a brand new 10 year lease with a base rent of just $2,750.00/month. In return for keeping an eye on things, 2 non-employees have been doing the wash & fold there and keeping the proceeds from it for themselves, BUT not without having to use their own coins to run the machines. Should you bring in in your own employees to do the wash & fold, you will likely see strong gains to your top and bottom lines. Presently, the Laundromat doesn't accept any drop-off dry cleaning, nor does it do any pick up & delivery of any kind. This is a big opportunity for you. It would be a smart move to spruce up the place and, either immediately or over time, replace the older machines with new and more energy and water efficient ones. There is an adjoining 900 square foot space right next door owned by the same landlord that you can lease out for another $2,750.00/month and expand the Laundromat into it with many more machines. There is population density in the immediate neighborhood to support that. Please be discreet when visiting the location and then call listing broker Jay Goldman to make an appointment to speak with the owner. Please contact 877-735-5224 for further information.
Training/Support:The seller will train the new owner.
Seller Financing:$130,000.00 Down and All down buyers only!
Sale Reason:Retirement
Ad #97629
Seller Reference #30032
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