High Volume Laundromat In Metro Area

Business Summary:
LISTING ID # 35792High Volume Laundromat in densely populated Queens neighborhood. This is a very unique deal. First off, the facility is a spacious 4,000 sf., stand-alone building with 68 washers and 68 dryers, only 3 yrs. old. The equipment alone is worth $1mil. There is a private parking lot for the businesses and it can operate 24/7, 365 days per year. The rent, including real estate tax, is $16K/mth. with 9 years left on the current lease. The lease can be extended for a well-qualified buyer. The current business is not open to the public. The seller will enter into a service agreement with a new owner for its commercial laundry volume as long as all service requirements are met. This translates into $1.3 mil. in annual commercial business with no marketing effort and a process that's already established. Due to the nature of the owner’s existing business, they have decided not to open to the public. A new owner can open to the public immediately and realize substantial immediate sales growth without any increase in operating expenses. The commercial sales can be substantially moved to a night shift so the facility may be opened to self-serve customers during the day. Based on the last year volume and price per pound and the drop off wash and fold business a buyer can expect approx. $1,500,000.00 with a net income of approx. $480,000.00. We are seeking a serious and financially qualified buyer with at least $2.9 mil. in liquid funds to cover the down payment. The ideal buyer would be familiar with the industry, but any serious and financially qualified buyer is welcome to inquire. Proof of funds will be requested before any site visits, buyer/seller calls or meetings. All meetings must be made by appointment only! To learn more, please call, text or email Mel Vaz today at 631-767-0157 or [email protected] 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 [email protected] or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-35792 for instant access to this business information.