Laundromat and Drop-Off Dry Cleaners Bklyn 26876

Not Disclosed, NY
Kings County


Asking Price: Annual Revenue:
$525,000 $320,000

Services: Dry Cleaning & Laundry


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RE: Laundromat and Drop-Off Dry Cleaners Bklyn 26876 Broker: Jay Goldman
Owner Financing is Available!
$525,000.00 Down & Make your best all down offer!

Quick Facts

Asking Price: $525,000
Annual Revenue: $320,000
Net Profit: Not Disclosed
Cash Flow: $131,002
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 2
BBN Listing #: 25534447
Broker Reference #: 26876

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Business Overview:

The seller is the landlord and, in that capacity, is willing to give you a brand new, below-market, 20-year lease, starting at just $5,500/month. He is also open to giving you the right of first refusal to purchase the four-story residential building within which the laundromat is housed. This is a very well- maintained 2,000 square feet, family-run laundromat, located in a safe, diverse and ever-gentrifying Brooklyn neighborhood. It's doubtful you will uncover another gem of its kind. The laundromat contains 30 washers (18 regular, 8 large, and 4 super-large) and 30 dryers (15 Huebsch Originator Twin 30s) - all approximately 11 years old and in very good condition. Around $200,000 in revenue comes from coin self-service. Another $100,000 comes from drop-off wash & fold and drop-off dry cleaning. An additional $20,000 in profits derives from a variety of vending machines, ATM, massage chair, etc. You can definitely grow the laundromat's business by offering pick-up and delivery service. The seller is more than glad to educate a buyer who is new to the laundromat business. Please be very discreet when visiting, as the employees and customers do not know it's for sale. Then, kindly contact the listing broker, Jay Goldman, to make an appointment to meet with the seller and get a full tour of the facilities. Please contact broker or email us for further information.

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Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is not 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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