Business For Sale

Laundromat & Drop-Off Dry Cleaners For Sale-29165

Not Disclosed, NY
New York County

Asking Price: Annual Revenue:
$349,000 $491,484

Services: Dry Cleaning & Laundry

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RE: Laundromat & Drop-Off Dry Cleaners For Sale-29165 Broker: Jay Goldman
Owner Financing is Available!
349,000.00 Down & Make your best all-down offer!

Quick Facts

Asking Price: $349,000
Annual Revenue: $491,484
Net Profit: Not Disclosed
Cash Flow: $136,404
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1988
Employees: 4
BBN Listing #: 43924447
Broker Reference #: 29165

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Business Overview:

This Established, 1,200 sq. ft. Absentee-Run Coin-Operated Laundromat and Drop-Off Dry Cleaners located in a Safe UWS Manhattan Neighborhood can now be purchased for just 2.5 times what the owner annually pockets. There are 10 years left on the lease and the rent escalates at just 3%, annually. The equipment is middle-aged and well-maintained. It consists of 5 IPSO Washers (2 - 55 lbs. and 3 - 40 lbs.), 13 Huebsch Washers (2 large and 11 smaller), and 16 double-stacked ADC Dryers. Coin self-service accounts for 35% of sales, wash & fold, 53%, drop-off dry cleaning, 9%, and soap sales, 3%. Four F/T employees share wash and fold responsibilities and keep an eye on things for the owner. Should you decide to be more hands-on, you can make more money by saving on some payroll. It is rare to find a well-established laundromat like this in Manhattan with 10 years left on the lease, asking just 2.5 times what the owner pockets. Open 7am - midnight, 7 days/week. Do be very discreet when visiting the location, as the employees and customers do not know it is for sale. Kindly then contact listing broker Jay Goldman, should you have any questions, and would like to make an appointment to speak with the owner. Please call 1-877-735-5224 for further information.

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Reason for Selling:

Dissolution of partnership.

Additional Details:

  • The property is leased.
  • 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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