NEWLY RETOOLED!! Philly Laundromat In a Primely Located Area
Philadelphia, PA
| Asking Price: | $1,020,023 |
| Gross Revenue: | $479,919 |
| Cash Flow: | $187,095 |
| Established Year: | 2021 |
Listing ID: 2300547Listing provided by BizBuySell
BUSINESS DESCRIPTION
*NDA Required for Exact Address and Name of Business*
- 5400 SQFT
- Owner operated remotely, and does the maintenance himself
- 20+ year lease
- Retooled late 2021, was completed in 2022
- 44 Washers 45 Dryer Banks (ElectroLux)
- 24 yr Lease First Right of Refusal % increase every 5 yrs
- LaundryWorks
- Coin pushers, Vending, and Claw Machine (3rd Party Owned Splite monthly profits)
- 4 Employees
- Fully Attended
- Free Standing Building
- SS, PUD (3rd Party), and WDF
Annual Overview
- Gross Sales: $479,919
- Payroll: $69,120
- Rent: $70,620.00
- Utilities: $54,824.5
Net income: $187,095
DETAILED INFORMATION
Location
Philadelphia, PA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
5,400
Employees
3
Financing
Seller Financing With 65% Down, Bank Financing with 35% Down
Reason for Selling
Bigger Business Ventures
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