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Listed by:

Kensington Company

Large Profitable Laundromat In Suffolk County For Sale

Suffolk County, New York, US
Asking Price:
$3,500,000 (USD) Furniture / Fixtures included
Sales Revenue:
$1,180,000 (USD)
Cash Flow:
$600,000 (USD)

Well Established Absentee Laundromat operating for 18 Years and ALL the equipment has been updated recently. This is what you have been looking for… EASY to operate, HIGHLY profitable, FEW employees, State of the Art, HUGE barriers of entry, business operates on AUTO PILOT. The card system allows for complete controls for this beautiful large laundromat. They are located in a great neighborhood in Suffolk County Long Island. It would cost close to $2m to duplicate and would take years to get the approval and build. This store is a HUGE LAUNDRY CENTER with 8,000 square feet and plenty of easy accessible parking with an excellent long term lease of 12 years remaining (Landlord is open to increasing term depending on the buyer.) The business is impressive as it is well maintained with a sparkling appearance and all equipment is of high quality and in great condition. There is tremendous potential to expand the business as there are lots of commercial businesses in the area as well as many residential apartments nearby. They have plenty of machines and space to handle major commercial laundry accounts. They currently are not offering any delivery or pick up service. This sleeping giant earns tremendous profits for the owner while operating the business almost 98% ABSENTEE. This business has excellent books and record and has been pre-approved for SBA funding. Please refer to listing number 14880 when inquiring about this opportunity.

Property Information

Real Estate:

Lease

Business Operation

Employees:
2

Other Information

Financing available:

Pre-Approved for SBA

Furniture / Fixtures value:
$2,000,000 (USD) - included in the asking price

Contact Kensington Company

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