Flatbush Brooklyn Laundromat - Profitable & Remodeled - $199,500

Brooklyn, NY
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Asking Price:$199,500
Gross Revenue:$210,000
Cash Flow:$70,000
Rent:$3,400
BUSINESS DESCRIPTION

Great location in Brooklyn.

$3400 rent for approx. 1500 sq. ft. with 9 years left on lease.

All new washers and two tankless water heaters installed installed 2 years ago. Dryers are approx. 10 years old, thus store should give you little maintenance problems so you can focus on rebuilding.

17 new washers & 18 dryers

Store does self serve, wash & fold, some pick up & delivery and drop off dry cleaning.

Store has 1 employee who works about 55 hours a week. Great rent at $3400 for this high visibility spot that has been fully remodeled and well appointed.

Current net profit is approximately $70,000 with owner working 30-40 hours a week and its steadily growing as current owner has been building business for last 6 months.

Lots & lots of potential here.

Everything is in place and ready to go.

Price is $199,500


DETAILED INFORMATION
Location
Brooklyn, NY
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,450
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John
M. Bedosky
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John M. Bedosky