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Laundromat Card System

New York

Asking Price: Gross: Cash Flow:
$1,100,000 $462,758 $203,849

Furniture and Fixtures Value:
$300,000 (included in the asking price)

Inventory Value:
$0 ( not included in the asking price)

Business Summary:
Card system state-of-the-art Laundromat built new 4 years ago. 42 washers, 46 dryers, all equipment is Electrolux the most sophisticated equipment out there. 18 year lease. Street parking as well as parking lot for 8 spots dedicated to the Laundromat. Financing available through bank requires 35% down. Laundromat is run completely absentee. 84% self-service, 8% wash & fold ,7% soap sales, 1% vending. This is not your typical New York landlord he is a pleasure to work with!!!! Must show proof of funds prior to receiving the address. Call Doug to take a tour won't last

 
   
   
Year Business was Established: 4
   
Number of Employees: 5 employees  
   
Facilities / Terms of Lease: Long term lease available 18+ years, all equipment is 4 years old, 3,400 sq. ft.  
   
Potential Growth/Expansion: Owner operator can implement different services  
   
Competition: There is competition in the area  
   
Owner willing to finance: Bank financing available  
   
Owner willing to train: Seller will train buyer  
   
Reason for selling: Other business opportunity  
 

 

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