Commercial Laundromat & Property

Not Disclosed, NY
Orange County

Active commercial avenue

Asking Price: Annual Revenue:
$495,000 $170,000

Services: Dry Cleaning & Laundry

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RE: Commercial Laundromat & Property Broker: Customer Service
Owner Financing is Available!

Quick Facts

Asking Price: $495,000
Annual Revenue: $170,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $175,000
Real Estate: $375,000
Year Established: 2000
Employees: 3
BBN Listing #: 29403909
Broker Reference #: laun374

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Business Overview:

Excellent opportunity to own this commercial laundromat and property in a wonderful area of Orange County, New York. The business is on a commercial avenue with various other successful business which attract a consistent volume of customers. This wonderful location is on a high traffic road and additionally offers a wash and fold service. The business has twenty-one (21) NEW commercial washers and twenty-two (22) NEW dryers. The property includes this laundromat and a tenant with a $19,800 yearly rent. This is an excellent opportunity which can be substantially improved with an improved marketing plan. This is a dependable business opportunity. The 2021 yearly gross income represented by the seller/owner is $130,000 and the business has a consistent yearly net income based on an absentee owner operator and prior to debt service. The property has a gross rental income $2,500 & $1,650, $49,800 yearly.

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Property Features and Assets:

This commercial laundromat consists of 2,000 square feet is located on a highly active commercial avenue with numerous other businesses. The laundromat has a full basement and is conveniently located on an active county road. The laundromat is near various active businesses which attract various shoppers. This opportunity is in Orange County, New York, which consists of highly populated communities with continued demand for this service.

Market Competition and Expansion:

To the best of our knowledge, and due to licensing requirements, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.

Reason for Selling:

Owner retiring.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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