Laundromat-Jamaica Queen-List#1011

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Jamaica
Queen, New York 11435

Price: $850,000
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Price $850,000

Lease: Feb/2005 for 15 years with option 10 years.

Details of rents:  0-5 years        $12,083 monthly

                           5-10 years      $13654

                           11-15 years     $15,429

                           16-20 years     $17,435

                           21-25 years     $19,701

 

Machines : Washer-Speed Queen         20lbs:      14units ($2.25)

                                                              30lbs:      27units ($3.25)

                                                               60lbs:     9 units ($5.25)

                                                               80lbs:     4 units ($7.25)            Total 54 Washers

                  

                  Dryer-Speed Queen               30lbs      80 Dryers ($0.25/min)

                   

Wash & Fold: $0.75/lbs ($7.00/6 lbs Min)

Boiler: NATCO 1.2 Mil BTU

 

Weekly Sale:    Coin           $8,315.00

                         Dropoff      $1,800

                          detergent $750                  Total $10,865/QWeekly

 

Monthly Expense:      Rent & Tax              $14,630

                                  Electric                    $3,750

                                  Gas                         $4,500

                                  Water                     $1,460

                                   Detergent              $3,000         Total $27,340 plus labor

                                    

 


Contact: John Chung

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