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$160k Net Absentee Laundromat In Brooklyn For Sale

Brooklyn, New York, US
Real Property Price:
$2,650,000 Furniture / Fixtures and Inventory / Stock included
Lease Price:
$775,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$490,000
Cash Flow:
$160,000

Asking Price (Business Only): $775,000

Real Estate Option: $2,650,000 (includes business and property)

Real Estate Value (alone): $2,000,000

Financing: Open to Eastern Funding (30–40% down)

Established, absentee-run laundromat in a prime Brooklyn location

Consistent, diversified income streams (self-service, wash & fold, dry cleaning)

Strong lease and solid infrastructure

Real estate available for long-term investment security

Equipment & Systems

40 Speed Queen Washers (2012)

16 Speed Queen 30 lb. Stack Dryers

4 Speed Queen 75 lb. Dryers

Card System: CCI (Card Concepts Inc.)

POS: Champ POS (Wash & Fold, Dry Cleaning, and Soap Sales)

Monthly Income

Wash & Fold: $13,000

Card Washers: $25,000 – $27,000

Vending: $200

ATM: $150

Dry Cleaning: $1,500 – $2,000

Total Monthly Income: $39,850 – $42,350

Monthly Expenses

Base Rent: $9,300

Taxes & CAM: $3,500

Total Rent: $12,800/month (Landlord proposing $14,000 for new lease)

Gas: $2,800

Electric: $1,800

Water: $1,000

Payroll: $6,800/month (~$1,700/week)

Insurance: $584/month (~$7,000/year)

Cable: $300

Supplies: $2,000

Phone & Internet: $300

Total Monthly Expenses: $28,384

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

Property Information

Real Estate:

Available as lease or with real property included

Business Operation

Management type:
This business has absentee ownership.
Reasons for selling:

Other business interests.

Other Information

Support & training:

Yes.

Financing available:

Financing: Open to Eastern Funding (30–40% down)

Lease asking price:
$775,000 - Furniture / Fixtures and Inventory / Stock included