For Sale in NY
Financial & Assets Details
About the Business
Excellent opportunity to own this commercial laundromat in a wonderful area of Orange County, New York. The business is on a commercial avenue with various other successful business which attract a high volume of customers. This wonderful location is on a high traffic road and additionally offers a wash and fold service. The business has twenty-one (21) commercial washers and twenty-two (22) dryers. This laundromat business consist of three full / part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is unaware of the pending sale, fully expected to remain post-closing, and the monthly payroll expense is approximately $2,900. The business is active seven days per week, with hours from 7:00 am to 7:00 pm. This business opportunity has been valued at $225,000 based on a multiple of the net yearly income, and the value of the specific business assets. Seller financing can be considered to a qualified buyer with an appropriate down payment, collateral and credit rating. This is an excellent opportunity which can be substantially improved with an improved marketing plan. This is a dependable business opportunity. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo may not represent this particular business.
Growth & Expansion
The business presently has no marketing plan, no web site and an absentee owner, if improved can further develop the business yearly cash flow.
Will be considered to a qualified buyer.
To the best of our knowledge, and due to licensing requirements, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
This commercial laundromat consists of 2,000 square feet is located in a highly active mall with numerous other businesses. The laundromat has a full basement and is conveniently located on an active county road. The laundromat is near various active businesses which attract various shoppers. This opportunity is in Orange County, New Jersey, which consists of highly populated communities with continued demand for this service.
Support & Training
The owner will remain after-closing for 30 days in order to supply an appropriate transitional period to the new operator.
Reason for Selling:
The sale is due to the owner’s absenteeism.