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Businesses For Sale   >>   Kings Businesses For Sale   

Established Laundromat - Absentee Owner

Location  Kings County, New York, United States
Asking Price Range  $250K - $500K
Gross Revenues  $300000
Net Profit / Cash Flow  $120000
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  2000
Number of Employees  4 - 5
Relocatable  Not Disclosed
Number of Employees  4 - 5
Real Estate  Leased
Training  Seller will provide training and support if needed.
Reason for Sale  Partnership issues.

Description  
''Absentee Owner'' only goes there to pick up money etc. This laundrymat is located in an excellent area, and they have an excellent reputation. A nice size in a 1,800 square feet , the monthly rent is $3,500, and the lease has 12 years. This store is on an avenue in a good area. Established business was there for over 12 years. Sales are $300,000 year or $25,000 month or $6,000 week. Net profit is $120,000 year or $10,000 month. Asking price is $400,000. They do wash & fold, and delivery also. This is a nice clean shop. Monthly payroll is $4,300 for 4 part-time workers. They have 35 washers and 38 dryers. Monthly Expenses are: gas & electric 3,000, water 2,800, supplies 1,000, insurance 170, garbage 141, payroll 4,300, repairs 200, alarm 16, real estate tax 506, dry cl cost 200, tel/TV/Comp 120, Misc 300. Total Monthly Expense is 15,600. There is a big opportunity to increase sales. This sale includes furniture, fixtures, and equipment. Turn key business includes everything you need to start your business. Partnership issues. No owner financing at this time. Seller will provide training and support if necessary. Seller prefers an industry experienced buyer. Contact Broker - Roy at 914-777-1225 Thank you. Serious Inquiries Only. No Brokers. No disappointments guaranteed. This is an operating business, so do not contact the establishment or employment for information. Disclaimer: The information provided here is compiled from information obtained by the Seller(s). The broker makes no representation as to its accuracy or reliability. Buyer(s) should rely upon their own verification and that of their financial &/or legal advisor with regard to this information.


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