Legendary Campus Laundry Business For Sale!
Buffalo, NY
| Asking Price: | $59,900 |
| Gross Revenue: | $36,400 |
| FF&E: | $15,000 |
| Cash Flow: | $7,500 |
| Rent: | $2,000/Month |
| Established Year: | 1984 |
Listing ID: 2315399Listing provided by BizBuySell
BUSINESS DESCRIPTION
For sale! Laundromat Business - the legendary Campus Laundry near University at Buffalo! Grosses $600-$800/wk. There are NO financials available. Buyer can accompany collections for revenue verification. This is a fixer upper laundromat! Could use new equipment, remodel, and re-brand but has been a laundromat for over 40yrs and has sooo much potential. THE BUILDING IS NOT FOR SALE.
ATTACHED DOCUMENTS
DETAILED INFORMATION
Location
Buffalo, NY
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,500
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
This location has been a laundromat for over 40 years. It is in a stand alone building. The mechanics are in great shape but will be the business buyers responsibility. Sale includes the infrastructure and all laundromat equipment. Could use cosmetic updates. All new smart equipment was quoted through Dexter brand at $250,000. Can be done in phases over time or can be done creatively by repairing or buying used. The first 6 months of rent can be negotiable to allow the new owner to ramp up the business.
Competition
Several laundromat locations within 5 miles. Business broker can consult as she specializes in laundromat sales.
Growth & Expansion
Near colleges and many multi-family homes and apartment buildings. Could use a fresh, ambitious, and excited new owner. With a complete re-tool and proper PR, projected revenue can be ~$2,500/weekly.
Financing
No seller financing available and this does not qualify for SBA loans.
Support & Training
Owner will coach for 2 weeks.
Reason for Selling
Moving to Florida.
BUSINESS LOCATION
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