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Two Laundromat Package Deal In Suffolk County For Sale

Suffolk County, New York
Asking Price:
$299,000
Sales Revenue:
$328,320
Cash Flow:
$101,072

Two Laundromat Package Deal. Great Suffolk County locations. Both are located in busy shopping centers and offer coin laundry, wash & fold service, drop off dry cleaning and pick-up and delivery service. Both locations feature a mix of new and older machines. Together the locations generated gross sales of approx. $328,320.00 with a net cash flow of approx. $101,072.00. The seller keeps detailed P&L's to help verify all financials. Both locations have assumable leases. Loc. A has 7 years remaining on the lease with the landlord willing to add another 10 years for a qualified tenant. The current rent is $4,161/mth. for 2,600 sq. ft. Loc. B has 4 years remaining on the lease with the landlord willing to add another 10 years for a qualified tenant. The current rent is $4,688/mth. for 1,600 sq. ft. Both stores have very large parking lots and operate 7 days from 6am-11pm. Both locations have 2 P/T employees. We are seeking a serious and financially qualified buyer with at least $180K in liquid funds to cover the asking price and inventory. 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:

180,000.00 Down & $119K over 4 yrs. @ 6%.

Furniture / Fixtures value:
$250,000
Inventory / Stock value:
$2,000

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