$180k Net, Absentee Card Laundromat in Dense Location For Sale

Bronx County, NY
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Asking Price:$950,000
Gross Revenue:$405,619
Cash Flow:$180,000
Rent:$5,700
BUSINESS DESCRIPTION

HS Listing ID-40091

• Located in a heavy foot traffic bustling location on the same block as a major NYC subway station
• The laundromat is placed in immediate proximity to multiple residential buildings & homes
• Owner is fully absentee, only stops by 1-2x a week
• 22 years remaining on the lease, 3% increases annually
• 73 Machines (35W, 38D) - 3 years old
• Top of the line Card System Speed Queen Machines
• 2,000 SQ FT Space with a full basement
• 3 employees
• Hours of Operation: 6 am - 12 am

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION


DETAILED INFORMATION
Location
Bronx County, NY
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,000
Employees
3
Financing
Bank Financing Available with 40% down
Reason for Selling
Other business interests
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Christian
Rodriguez
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Christian Rodriguez