Laundromat - 20857

Kings County, NY
Kings County


Asking Price: Annual Revenue:
$1,899,000 $650,000

Services: Dry Cleaning & Laundry


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RE: Laundromat - 20857 Broker: Rafael Felix

Quick Facts

Asking Price: $1,899,000
Annual Revenue: $650,000
Net Profit: Not Disclosed
Cash Flow: $341,700
Total Debt: Not Disclosed
FF&E: $800,000
Real Estate: Not Disclosed
Year Established: 2006
Employees: 5
BBN Listing #: 14654447
Broker Reference #: 20857

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Business Overview:

This location comes with two businesses, over 3,600 square feet is the Laundromat, the dry cleaners over 2,500 square feet. This Laundromat has been established for 5 years, with a 20 year lease and absentee owned. Very profitable and has all the potential for a new investor to take it to a new level. State of the art operation and added latest technology, with over $800,000 of equipment which makes this location very desirable. The seller has given Vested 5 total Laundromats that he would prefer to package for the right investor. They all are very similar in size and technology. Each has master tenant, therefore reducing the rent further from the top. Proof of funds is a must.

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Reason for Selling:

Personal

Additional Details:

  • The property is leased.
  • 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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