Laundromat for Sale in Kings County, NY-32638

Not Disclosed, NY
Kings County

Asking Price: Annual Revenue:
$110,000 $140,000

Services: Dry Cleaning & Laundry

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RE: Laundromat for Sale in Kings County, NY-32638 Broker: Melvin L. Vaz
Owner Financing is Available!
$110,000.00 Down & Possible for a qualified buyer.

Quick Facts

Asking Price: $110,000
Annual Revenue: $140,000
Net Profit: Not Disclosed
Cash Flow: $70,000
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 2005
Employees: Not Disclosed
BBN Listing #: 31384447
Broker Reference #: 32638

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Business Overview:

Fantastic Local Laundromat. Must sell due to health! This is a cozy store perfectly suited for a pick and delivery route. They have 12 ADC Dryers and 12 IPSO Washers. All equipment is approximately 9 years old. There are 13 years left on the current lease at a rent of only $2,716/month. In the past year the business grossed approximately $140,000 (80% coin and wash and fold, 20% pickup and delivery). No dry cleaning drop off is offered. That would be a great addition. An owner-operator could see a net profit of up to $70,000/year. We are seeking a serious and financially qualified buyer with at least $110,000 in liquid funds. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only! Please use email reply button of this ad to contact us.

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Reason for Selling:

Health problems.

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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