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Laundromat Package Deal In Suffolk County For Sale

Suffolk County, New York
Asking Price:
$199,000
Sales Revenue:
$300,320
Cash Flow:
$80,072

Laundromat in Large Shopping Center right on Sunrise Highway. This store is located in a very busy shopping center with 2 large anchor stores, full occupancy and roughly 500 parking spaces. They offer coin laundry, wash & fold service, drop off dry cleaning and pick-up and delivery service. They feature a mix of new and older machines, however, the deal INCLUDES AN ADDITIONAL 21 DRYERS THAT ARE ONLY 5 YEARS OLD AND A 3 YR. OLD HOT WATER HEATER. THE NEW OWNER MUST ONLY PAY FOR INSTALLATION. In the past year the business grossed approx. $300,320.00 with a net cash flow of approx. $80,072.00. The seller keeps a detailed P&L to help verify all financials. There is an assumable lease with 4 years remaining and a landlord willing to add another 10 years for a qualified tenant. The current rent is $4,688/mth. for 1,600 sq. ft. The store operates 7 days from 6am-11pm. There are 2 F/T employees. We are seeking a serious and financially qualified buyer with at least $120K in liquid funds to cover the downpayment. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

Property information

Real Estate:

Lease

Business Operation

Reasons for selling:

Cashing Out.

Employees:
4

Other Information

Support & training:

The seller will train the new owner.

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

120,000.00 Down & $79K over 4 yrs. @ 6%.

Furniture / Fixtures value:
$150,000
Inventory / Stock value:
$1,000

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