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Businesses For Sale > Business For Sale in Brooklyn, New York (NY)

Coin Operated Laundromat for sale in Brooklyn, NY

Brooklyn, New York (NY)

Asking Price: Gross: Cash Flow:
$ 325,000 $ 180,000 $ 90,000

Inventory Value:
$ 5,000 (not included in the asking price)

Business Summary:
Opportunity to buy a well established, 2400 sq. foot large store front laundromat that is located in an up and coming neighborhood. Block has a lot of foot traffic. True absentee landlord, 12 years left on the lease with a 3% increase every 2 years. This is a coin operated store with 89% coin revenue, 6% drop off service and 5% soap sales. Figures are accurately represented. An owner operator can easily net $100K plus.

No construction hassle. Would cost approximately $400K plus to build and open. This is a fully functioning and well run business.

 
   
Year Business was Established: 1998
   
Number of Employees: 3PT  
   
Facilities / Terms of Lease: 12 year lease for 2400 sq. ft laundromat in great condition with 31 washers and 26 dryers, mix of Wascomats and Huebsch.  
   
Potential Growth/Expansion: Absentee run laundromat facility. Wash and fold business is severely under utilized. Owner/operator can net $120K +  
   
Owner willing to train: 2 weeks training  
   
Reason for selling: Seller looking to diversify  
   
Seller Reference Number: bm646340800
BusinessMart.com Listing Number: 200485