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Young Profitable Laundromat

Richmond County, New York

Asking Price: Gross: Cash Flow:
$1,150,000 $708,000 $174,274

Business Summary:
5 years old successful laundromat with growth potential. Has 55 washing machines and 64 dryers Dexter brand, all in excellent condition. Offers dry cleaning services, wash & fold. Has 10 parking spots. Machine installments $8945 per month with 16 months left. EXTRA INCOME: candy & soda machines = $1,200, ATM =$2,400, Outside Bins =$1,920. Industry lender loan for up to 70% of value available at 8% finance for 10 years.

 
   
   
Year Business was Established: 2014
   
Number of Employees: 3ft/3pt  
   
Potential Growth/Expansion: Add commercial & wholesale service  
   
Owner willing to train: 2 weeks  
   
Reason for selling: Involvement in many businesses  

 

 

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