Fantastic Laundromat For Sale

Business description

Fantastic laundromat located on a major highway in Suffolk County. This 1500 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 2007, the business grossed approx. $148,200.00 with a Net Profit of approx. $30,618.00. 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.

Other information

Financing available:

$50K over 3 years @ 8.5%