Description

- The seller is the landlord and, in that capacity, is willing to give you a new 20 year lease starting at just $4,000/month for this verifiably profitable and well-maintained large family-run laundromat located in a safe, diverse, and growing Brooklyn neighborhood. It's doubtful you'll uncover another gem of its kind. . - This 2,000 sq. ft. laundromat has 30 washers (18 regular, 8 large and 4 super large) and 30 dryers (15 Huebsch Originator Twin 30s), all approximately seven years in use. - $200K in revenue comes from self-service and another $100K from wash & fold (net of coins used) and dry cleaning. - An additional $20K in profits derives from a variety of vending machines, an ATM, a massage chair, etc. - If you are ambitious, you can definitely grow the laundromat's pick-up and delivery business through local advertising and by adding a driver to the payroll. - The laundromat is housed in a 5-story, 18 unit residential building, all of which is currently under one water meter. The seller/landlord believes he is fairly representing the laundromat's share ($15,000) of the building's total annual water and sewer bill ($22,000). He will at his own cost install a separate water meter for the laundromat at or around closing. - You will find him glad to educate buyers who are new to the laundromat business. - Please refer to the Confidentiality Agreement below for further information about this business.Attention Business Owners:We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Financial Summary

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