Laundromat and Drop-Off Dry Cleaners - 30713

Not Disclosed, NY
New York County


Asking Price: Annual Revenue:
$799,000 $679,714

Services: Dry Cleaning & Laundry


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RE: Laundromat and Drop-Off Dry Cleaners - 30713 Broker: Jay Goldman

Quick Facts

Asking Price: $799,000
Annual Revenue: $679,714
Net Profit: Not Disclosed
Cash Flow: $250,342
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2002
Employees: Not Disclosed
BBN Listing #: 15154447
Broker Reference #: 30713

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Business Overview:

This Established, 1,200 square feet. Absentee-Run Coin-Operated Laundromat and Drop-Off Dry Cleaners open 24/7 is located in a Safe Upper Manhattan Neighborhood and can now be purchased for just 3 times what the owner annually pockets. There are 11 years left on the lease and the rent escalates at 3%, annually. The equipment is only 4 years old and very well-maintained. It consists of 24 Huebcsh washers (one 60 lbs., ten 30 lbs., and ten 20 lbs.) and 22 double-stacked Huebsch dryers. Coin self-service accounts for 46% of sales, wash & fold 46%, drop-off dry cleaning 5%, 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 11 years left on the lease and asking just 3 times what the owner pockets. Open 24/7. 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 contact us for further information.

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Reason for Selling:

Other Business Interests.

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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