Established Laundromat in Kings County NY-31812

Not Disclosed, NY
Kings County

Asking Price: Annual Revenue:
$350,000 $330,000

Services: Non-classifiable

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RE: Established Laundromat in Kings County NY-31812 Broker: Syed Ahmed
Owner Financing is Available!
$250,000.00 Down & Balance over Terms TBD.

Quick Facts

Asking Price: $350,000
Annual Revenue: $330,000
Net Profit: Not Disclosed
Cash Flow: $120,000
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: 0
Employees: 5
BBN Listing #: 22864447
Broker Reference #: 31812

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Business Overview:

This 25 years old laundromat is located at an extremely busy area in Brooklyn. The laundromat has 34 washers and 34 dryers; all are in good condition. 40% is drop-off and 60% is wash & fold. Size is 2700 sq. ft. Lease is for 15 years. As this is the only laundromat in the area, so it is busy throughout the business hours. Seller lives in Suffolk County, finds it hard to commute every day, going to Brooklyn; willing to finance, without interest. Seller's net cash flow, after paying all the expenses, is $140,000 a year.

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Reason for Selling:


Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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