| Gross Income |
$780,000 |
| EBITDA |
$252,000 |
| CAP Rate |
40.32% |
| FF&E |
$210,000 |
| Established |
1988 |
| Rent/Month |
$5,100 |
| Down Payment |
N/A |
| Cash Flow |
N/A |
| Net Income |
$252,000 |
| IRR |
N/A |
| Inventory |
$3,000 |
| SQFT |
4,000 |
| Lease Terms |
2.5+5 |
| Est Loan PYMT |
N/A |
* Not Included in the asking Price
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Description
An excellent opportunity to own a wholesale commercial laundromat. This is an over 30 years establishment. Owners are selling due to health reasons.
NOTE: THIS IS ALL CASH DEAL. THIS BUSINESS WILL NOT QUALIFY FOR A SBA LOAN. SIGNED NDA AND PROOF OF FUNDS ARE REQUIRED TO VISIT THE LOCATION.
Business Info:
Lease terms: 2.5 years left with one (1) five (5) years option. A lease can be negotiated further.
Employees: over Fifteen (15)
Utilities Monthly: $2000
SQ FT: 4000
The financial information was supplied by the seller and has not been verified and will not be verified by the broker. The broker makes no representation about the accuracy or completeness of the information and does not guarantee future performance. It is the responsibility of a prospective buyer to make their own inspection of all financial and other business records and to seek independent financial and legal counsel regarding any purchase of this business and/or real estate.
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