Price: $495,000
Location: Orange County, New York
Industry: Laundromat
Listing ID: laun374
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.
Listing Details
Revenue: $175,000
Cash Flow: $45,000
FFE: $175,000 (Included in Price)
Inventory: $500 (Included in Price)
Real Estate:$375,000 (Included in Price)
Training & Support:
The owner will remain after-closing for 30 days in order to supply an appropriate transitional period to the new operator.
Location
Square Footage: 2000
Relocatable?: Yes
Facilities Information:
This commercial laundromat consists of 2,000 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.
Summary
Owner Qualifications:
This industry does not require government agency approval to purchase or operate.
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.
Potential Growth:
The business presently has no marketing plan, no web site, and an absentee owner, if improved can further develop the business yearly cash flow.
Financing/Terms:
To be determined.