Thriving High-Volume Laundromat for Sale in Prime Brooklyn Location

Brooklyn, NY
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Asking Price:$2,220,067
Gross Revenue:$1,493,612
Cash Flow:$380,823
BUSINESS DESCRIPTION

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NOTE: Yes, it is still available. If interested, please complete the form to continue : https://forms.gle/YtfSKvYrj6jazB4y7


Annual Figures:

Gross Revenue: $1,493,611.93

Net Profit: $380,823.28

Expenses:

Rent/Taxes/CAM: $68,875,92 ($5,739.66 a month)

Advertising & Marketing: $27,519.37
Service Charges: $1,109.39

Misc: $2,817.51

Insurance: $12,240.99

Office Expenses: $5,136.54

Payroll Expenses: $612,139.79

Payroll Processing Fees and Taxes: $1,060.46

Maintenance: $435.00

Soap & Supplies: $70,307.59

Taxes: $4,120.74

Garbage: $2,939.76

Gas & Electric: $62,348.5

Water & Sewer: $33,208.30

Vehicle Expenses: $57,612.76



-78 High Quality Wascomat Card Machines (38 W + 40 D)

-Ran Fully Absentee, with little to zero owner involvement required

-The business is supported by 15 employees, leaving huge opportunity for the next owner to reduce payroll

-Perfectly located in high traffic location with an active bus stop directly in the vicinity

-This business consistently holds and maintains multiple high volume commercial accounts

-Advantageous lease in place with 17 years remaining


DETAILED INFORMATION
Location
Brooklyn, NY
Inventory
Not Included in asking price
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Christian
Zarama
Hedgestone Business Advisors
Christian Zarama