19th St Laundry

  • Listing# : 5818
  • Listed Price : $50,000
  • Total Sales : $55,242
  • SIC :
  • Down Payment : $50,000
  • Status : Closed
  • Discretionary Earnings : $22,478

Business Type :

Cleaning / Coin Laundry

Business Description :

Neighborhood Laundromat on key corner. Open set up with all machines and other Vending Equipment all in working condition and paid for 100%. There are 21 Washers and 18 Dryers - double stack type. I-Video Machine and 1- Soda Machine also owned outright. 1- Games Machine profits are shared. Very Low overhead (Rent $795 !), easy to operate. Large Office for owner -operator. Currently run almost fully absentee as sellers have other thriving business. Great start-up business for first time buyer or great addition for someone in the industry. Needs some TLC to take off. Neighborhood consists of many fixed income folks that need the local service of this establishment. Ample Parking. Bring your offer and proof of funds and take this business to another level. "As is"- not all machines are in working condition.

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl : No
    • Real Estate $0
    • Incl : No
    • Inventory $10,000
    • Incl : Yes
    • Liabilities $0
    • Incl : No
    • FF&E $150,000
    • Incl : Yes
    • Other: $0
    • Incl : No
    • Leasehold $25,000
    • Incl : Yes
    • Total Assets $185,000
    • Incl : Yes

Lender Prequalified: No

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Cleaning