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Laundromat For Sale in Heavily Populated Area

22/wk
Westchester County, New York, United States
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Asking Price$219,000
Revenue$225,000 EstablishedUndisclosed
Cash Flow$60,000 Employees1 full, 1 part
FF&E$120,000 FranchiseNo
Inventory$1,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Laundromat in Heavily Populated Area. This laundromat is located in one of the most heavily populated cities in NY state. It has been established for over 30 years and is in a great corner location of a strip mall with good parking. They offer 22 Wascomat washers and 24 Dexter double stack dryers. The store is 1,500 sq. ft with a full 1,500 sq.ft. basement. There are 10 years left on the current lease at a rent of $5,100/mth. (base of $4,500/mth plus taxes and CAM) The current owner is only in the store approx. 12-14 hrs/wk and has a dependable staff (1 F/T and 1 P/T). They are open 7 days (M-F 7am-10pm, Sat. 6:30am-10pm, Sun. 6:30am-9pm). In the past year the business grossed approx. $225,000.00 (60% of sales is coin laundry and 40% wash and fold service) with a net cash flow of approx. $60,000.00 (for a p/t owner). We are seeking a serious and financially qualified buyer with at least $190,300 in liquid funds to cover the downpayment and 3 months rent security.  ALL SITE VISITS MUST BE DISCREET.  PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.  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.
Training/Support:The seller will train the new owner.
Seller Financing:$175,000.00 Down and $44K over 3 yrs. @ 7%
Sale Reason:Divesting.
Ad #99324
Seller Reference #30522
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Contact This Seller
Melvin L. Vaz
1-877-735-5224
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