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Laundromat

Bronx County, New York

Asking Price: Gross: Cash Flow:
$1,500,000 $728,000 $391,636

Furniture and Fixtures Value:
$800,000 (included in the asking price)

Inventory Value:
$5,000 (included in the asking price)

Business Summary:
New start up Laundromat; state of the art facility; revenues climbing about $11-12,000wk; projecting to $15k wk in yr 3; 80 dryers + 64 washers all new and under warrant; long lease in place with options and low escalator; motivated seller; sales breakdown +/- 20% W&F +/- 20%, dry clean drop +/-60%, self service; new buyer can increase wholesale & commercial accounts. For further information, please contact Douglas Grassey at 908-851-9040 Ext 265

 
   
   
Year Business was Established: 2010
   
Number of Employees: 3PT  
   
Facilities / Terms of Lease: Approx 6,000sq.ft; over 140 machines; brand new facility; equipment under warranty; parking in rear; card system  
   
Potential Growth/Expansion: New operator can aggressively expand commercial accounts  
   
Competition: Limited competition; demographics are dense population base mainly rental apartments  
   
Owner willing to finance: Cash offers  
   
Owner willing to train: as needed  
   
Reason for selling: New development project  
 

 

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