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20+ Yrs Well Established Reputable Laundromat Sale

$220000

Fixed

Description

Owner operated, well established for 20+ years, reputable immaculate, coin laundromat for sale with drop off full services in western Nassau county. In front of the Nassau Inter County Express (NICE) bus stop.  Down the block to a major traffic intersection with investment grade credit tenants and branded gas stations.  10 minute drive to LIRR train station.  Great foot, around 19k+ daily car traffic, large display window, street and sign frontage! 

Open 7 days a week.  20 Wascomat (50/30/18 lbs) coin operated washers around 17 years old and 20 Huebsch coin dryers around 17 years old.  Spacious street floor around 1,400 square feet with cellar storage space around 400 sq ft.  High ceiling fans up to 12 feet with HVAC central ac and heat.

New point of sale credit payment system installed last month for drop off.  Around $125k yearly gross income and around $47k yearly net cash flow. Around 65% of income is from drop off.  Loyal clientele. 

Monthly rent is $4k which includes $700 monthly property taxes.  8 years remainng on lease with a renewal option.  Asking $220k @ 21% cap!

For questions and appointments, contact Diane Mi Ryoung Chong at 718-640-4431, michong2009@gmail.com.  Real estate agent at Hanmi Realty.

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Lease Details

Lease Expires - 0
Real Estate Included In Sale - Wascomat, Huebsch
Rent Amount - 0
Square Footage - 1600
Lease Options Available -
Lease Comments -
Location Description -

Equipment Details

Room amenties
Number Of
Washers - 20
Bathroom amenities
Number Of
Dryers - 20
Media Technology
Make Of Equipment -
Wascomat, Huebsch
Media Technology
Ancillary Equipment -

Business Operations

Room amenties
Hours Of
Operation -
Bathroom amenities
Number Of
Employees - 0
Media Technology
Payment System
Media Technology
Security System
Media Technology
Full Service Offerings -