Hot Listing

(3) Large & High Traffic Laundromats + Real Estate!

Asking Price$6,500,000

Cash Flow
$810,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,600,000

Inventory$10,000
Included in asking price
FF&E$1,950,000
Included in asking price
Real Estate$4,365,400
Included in asking price
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Hot Listing

(3) Large & High Traffic Laundromats + Real Estate!


Asking Price$6,500,000

Cash Flow
$810,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,600,000

Inventory$10,000
Included in asking price
FF&E$1,950,000
Included in asking price
Real Estate$4,365,400
Included in asking price
Business Description
These locations are some of the most impressive and financially powerful laundromats available in WNY. The 3 locations are being offered together as a package only. 1278 Hertel Ave Buffalo 14216, 136 Lakeview, Buffalo 14201, and 346 Military, Buffalo 14207. They are near newly built out and turn key for years to come. The owner spared no expense regarding mechanical systems and infrastructure. Hertel has Dexter live to easily track sales and maintenance. NEW boiler and holding tank at Military 2025. Pleased do not visit the locations without an appointment.
About the Business
Employees
15
Facilities & Assets
Military includes two upper apartments (One unit is partially gutted and not livable, being sold as-is. One unit is the owner's living quarters and lease TBD, 12 months max). Military was built out new 1999-2000. Porter (Lakeview) was built out new in 2015. Hertel is all new from 2019. All include top of the line Dexter appliances. Each location includes several accessory assets including vending machines, arcade games, auto vacuums, soap and change dispensers, and wash and fold necessities. Two locations are open 24/7 and there are 15 employees total.
Market Outlook / Competition
There are several smaller locations near all three facilities.
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
21,768
About the Sale
Seller Motivation
Retirement.
Transition Support
Minimal training available but the business broker can consult fluently as she owns laundromats herself.
Listing Info
ID
2243701
Listing Views
18903
Business Location

Contact Seller

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Business Listed by: Shannon McNichol Nichol City Business Brokers

Listing ID: 2243701 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.