(3) Large & High Traffic Laundromats + Real Estate!
Buffalo, NY
Sale Pending
| Asking Price: | $8,500,000 |
| Gross Revenue: | $1,500,000 |
| Real Estate: | $4,365,400 |
| Cash Flow: | $810,000 |
| FF&E: | $1,700,000 |
Listing ID: 2243701Listing provided by BizBuySell
BUSINESS DESCRIPTION
These 3 locations are being offered together as a package only. 1278 Hertel Ave Buffalo 14217, 136 Lakeview, Buffalo 14201, and 346 Military, Buffalo 14207. They are some of the most impressive and financially powerful laundromats available in WNY. They are near newly built out and turn key for years to come. The owner spared no expense regarding mechanical systems and infrastructure. Hertel has Dexter live to easily track sales and maintenance. Pleased do not visit the locations without an appointment.
DETAILED INFORMATION
Location
Buffalo, NY
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
21,768
Employees
15
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Military includes two upper apartments (One unit is partially gutted and not livable, being sold as-is. One unit is the owner's living quarters and lease TBD, 12 months max). Military was built out new 1999-2000. Porter (Lakeview) was built out new in 2015. Hertel is all new from 2019. All include top of the line Dexter appliances. Each location includes several accessory assets including vending machines, arcade games, auto vacuums, soap and change dispensers, and wash and fold necessities. Two locations are open 24/7 and there are 15 employees total.
Competition
There are several smaller locations near all three facilities.
Support & Training
The owner is willing to train and terms are negotiable.
Reason for Selling
Retirement.
BUSINESS LOCATION
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