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Local Laundromat In Kings County For Sale

Kings County, New York, US
Asking Price:
$1,300,000 (USD) Inventory / Stock included
Sales Revenue:
$526,000 (USD)
Cash Flow:
$276,000 (USD)

An attractively-located laundromat lies in the heart of several apartment buildings in Brooklyn. Its size is 2800 sq. ft. with the same size of the basement. Rent is $5,000, with 25 years lease. Has 46 dryers and 31 washing machines. 40% of business is from drop-offs. Another building, next to the laundromat, is almost complete to accommodate 2500 residents. 100% absentee. One of the best business situations.The seller is willing to help a new buyer to get the financing. The seller's net cash flow, after paying all the expenses, is $275,000 a year. Call Syed for more information.

If interested, please contact the seller through the form on this page.

For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-34383 for instant access to this business information.

Business Operation

Reasons for selling:

100% absentee

Employees:
4FT

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

400,000.00 Down & $900,000 at 7% for 72 months

Furniture / Fixtures value:
$600,000 (USD)
Inventory / Stock value:
$5,000 (USD) - included in the asking price

Contact Vested Business Brokers HQ

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