LAUNDROMAT & PROPERTY

Financial & Assets Details

About the Business

Business Description

Excellent opportunity to own this commercial laundromat and property in a wonderful area of Orange County, New York. The business is on a commercial avenue with various other successful business which attract a consistent 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) NEW commercial washers and twenty-two (22) NEW dryers. The property includes this laundromat and a tenant with a $19,800 yearly rent. This is an excellent opportunity which can be substantially improved with an improved marketing plan. This is a dependable business opportunity. The business fixed assets have an estimated value of approximately $110,000 which is based on equipment and licensing replacement cost. This transaction consists of a fully equipped commercial retail laundromat, which includes, required licenses, newer washers and dryers, displays, shelving, accounting system, tables, computers, including all the necessary equipment to maintain the day-to-day business operation and a list of assets will be supplied to purchaser upon request.

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.

Seller Financing

Seller and bank financing can be considered to a qualified buyer with an appropriate down payment, collateral, and credit rating.

Market Competition:

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.

Support & Training

This commercial laundromat consists of approximately 1700 square feet is located on a highly active commercial avenue 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 York, which consists of highly populated communities with continued demand for this service. Assessed real estate value is $379,600, yearly property taxes $7,144.81, property size 52.50 x 85.

Reason for Selling:

The sale is due to the owner’s absenteeism.