Fantastic Laundromat
Location New York,United States
Asking Price Range < $250K
Gross Revenues $121284
Net Profit / Cash Flow $22462
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1985
Number of Employees 4 - 5
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Leased
Description ***Rent Just Reduced by $500 per month*** Fantastic laundromat for sale, located on a major highway in Suffolk County. This 1,500 sq. ft. store was opened twenty-five years ago in a large strip mall anchored by three major retailers. It has 19 Wascomat Series 4 washers and 21 American Dryer Corporation dryers. The dryers that are 6 years old. The current owner spent over $15,000 just 1 year ago to upgrade the filtration system. The business also features a new hot water heater, upgraded plumbing behind the washers, and a new gas heater. Everything is completely up to code. In fact, the store has a timer system to lock and unlock the doors automatically as well as security cameras that can be viewed on-line from anywhere in the world. The only reason for the sale is due to the current owner's primary job hours. The travel time has become a factor for him and he has decided to sell. He currently visits the business only 3 days per week for only 2-3 hours. This is a business that can be run very part-time for a strong return. In 2008, the business grossed approx. $121K with a Net Profit of approx. $22K. That is very good for only 6-9 hours of work per week. This is exactly the type of part-time business many of you are looking for. If you have any interest, please do not delay.
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