Laundry Route-Servicing Suffolk County-30577

Suffolk County, NY
Suffolk County

Asking Price: Annual Revenue:
$122,000 $113,000

Services: Dry Cleaning & Laundry

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RE: Laundry Route-Servicing Suffolk County-30577 Broker: Mel Vaz
Owner Financing is Available!
$70,000.00 Down & $52,000 over terms TBD.

Quick Facts

Asking Price: $122,000
Annual Revenue: $113,000
Net Profit: Not Disclosed
Cash Flow: $70,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 2
BBN Listing #: 29204447
Broker Reference #: 30577

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Business Overview:

Laundry Route - Servicing Suffolk County. THIS IS NOT A LAUNDROMAT, BUT A LAUNDRY ROUTE. They currently have approx. 318 accounts that are serviced at a third-party laundromat. $0 MARKETING BUDGET. A new owner can continue to use that laundromat or find a new location. THE CURRENT OWNER ONLY WORKS 15-20 HRS/WK ON AVERAGE. This would be an ideal add-on to a buyer who currently owns a laundromat in Suffolk County. Route Gross profit before tax is 62%. With seasonal/summer customers an additional $10,000 will be realized in 2018. Total profit without reducing costs will exceed $70,000 on $113,000 of revenue. They are the lowest price service in the area. Customers who pay by credit now represent approximately 70% of Revenue. Corporate customers paying by check are under contract. Very few pay with cash. 75% of our customers are recurring weekly/bi-weekly or monthly. 20% are recurring, but call at their convenience. 5% are new or random. We are seeking a serious and financially qualified buyer with at least $70,000 in liquid funds to cover the downpayment. To learn more, please call the broker or email us.

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Reason for Selling:

Focusing on other opportunities.

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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