Est. Monthly
$3,555/mo
$750K Undisclosed, Westchester, NY
Located in Southwestern Westchester County along the Hudson River. Two locations owned and operated on the same street for Organic Dry Cleaning, Laundry, Wash & Fold, Tailoring, Shoe Repair Restoration, Leather, Suede and Rug Cleaning and Plant businesses for sale. Location #1 Laundry & Organic Dry Cleaners Monday-Friday 9-7pm, Saturday 9-6pm. Reputable in business 26+ years with long term, loyal customers. Downtown next to bus stop and many residential developments. Across the street from an investment grade (A+ by S&P, F1+ & AA- by Fitch, Aa2 by Moody's) branded gas station with great Route 9 intersection frontage, sign visibility, foot and 16k + car traffic per day! Yearly gross sales around $870k. 1,400 square feet, five year lease with a five year renewal option, $4k monthly rent not including utilities. Locations #2 Rug, Organic Cleaners & Plant. Monday-Saturday 8-5 pm. Several blocks to metro north train station! Seller owns and occupies this 1,900 sq ft single tenant building with a backyard however the building is not included in the sale. New 10 year lease with option to renew for 10 more years. $6k monthly rent not including utilities. Seller willing to finance 10% of sales price. Yearly gross sales around $150k. Combined locations total yearly gross income around $1,020,000. Combined locations total yearly expenses around $730k. Combined total yearly net income around $290k @ 39% cap! Combined package asking price $750k. Total of five full time employees.
Est. Monthly Payment
$3,554.98
Private Mortgage Insurance
Not required
Private Mortgage Insurance
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