Laundry Business with 60 Washers & Dryers

Featured on BusinessForSale.com . 5 viewed

Asking Price

$2,000,000

FOR SALE - ACTIVE

Detailed Information

Location

Brooklyn, New York, US

Reason for selling

Not Provided

Real Estate

NA

QUICK STATS

BUYER ANALYSIS

Down Payment

% down

Payback Period

months

Annual Debt Service

% interest, year term

Cash Flow After Debt Service

Debt Service Coverage

x

COMPANY FINANCIALS

Cash flow

(% CF Margin)

Revenue

Furniture, Fixture &
Equipment

Inventory

Show more info

Business Description

Located in a bustling area of Brooklyn, New York, this business offers a total of 4,200 square feet of space including the basement and has parking facilities for up to 8 cars. The lease spans a period of 10 years, and the business operates around the clock, 7 days a week. With a total of 60 washers and 60 dryers available, the business functions seamlessly with just 3 employees on staff. Notably, this operation is characterized by a 100% absentee ownership model, where the owner is not directly involved in the day-to-day management. Despite the large scale of the premises and the equipment available, the business runs efficiently with minimal staff oversight, allowing for a hands-off approach to ownership. This setup enables the owner to maintain a distance from the operational aspects of the business while still reaping the benefits of a thriving laundry business. In summary, this business in Brooklyn offers a prime location, ample parking, and a substantial array of washers

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