20+ Yrs Well Established Reputable Coin Laundromat, Western Nassau County - Laundromat for Sale in Nassau County, New York

20+ Yrs Well Established Reputable Coin Laundromat, Western Nassau County Main Image #1

20+ Yrs Well Established Reputable Coin Laundromat, Western Nassau County Main Image #2

Diane Mi Ryoung Chong

Hanmi Realty

718-640-4431

Contact the Seller

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 1,200 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 $51k 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 remaining on lease with a renewal option. Asking $220k @ 23% 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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Financials

Gross Income: $125,000

Net Income: $51,000

Down Payment Est:

Equipment Assets

No data provided.

Lease Details

Rent Amount

$4,000

Square Footage

1600

Business Operations

No data provided.

Listing Disclaimer: The information on this listing has been provided by either the seller or thier business broker. Niche Media owner of LaundromatForSale.com has not verified any of the information on this page and assumes no responsibility for its accuracy or completeness. Interested parties are encouraged to contact the seller and/or the seller’s broker directly to conduct their own independent verification of this information.

Diane Mi Ryoung Chong

Hanmi Realty

718-640-4431

17+ years experience in the real estate industry. Executive leadership role within the Korean American Realty Association "KARA", a nonprofit of NY established in 1996 empowering Korean real estate professionals based on expertise, trust and supporting community growth. KARA consistently hosts various seminars, hands-on training and large-scale exhibitions to equip its members with professional knowledge and up-to-date information amid the changing real estate market. President of the World Federation of Korean Intermarried Women’s Association "KIMWA" New York chapter that connects married Korean women in multicultural families worldwide to foster friendship, trust, respect of cultural diversity, mentors, leadership, development, promoting healthy families and harmony among Korean communities through education, service, cultural exchange as civilian diplomats, solidarity and cooperation. Scholarship support for children and operation of educational programs. Promoting globalization of Korean culture and brands. Building a global community that empowers women, brings hope and inspiration to future generations. Around 50 years experience providing retail customer satisfaction as a former wedding/evening gown, blue jeans designer and reseller, custom jewelry, women's shoe, gloves, handbag and hat store owner of Northern Wedding Boutique, Moza Boutique, Diane's Bridal, and Shirley's Corner throughout the Queens, Brooklyn, Nassau and Seoul, South Korea Communities. Tel #718-640-4431, michong2009@gmail.com. Real estate agent at Hanmi Realty. mystatemls.com/profiles/ny/flushing/hanmi-realty/mi-ryoung-chong/241447/ https://www.crexi.com/profile/diane-mi-ryoung-chong-dianecho karany.org/photos worldkimwa.com