Five Star Beautiful And Well Equipped Laundromat

Brooklyn, NY
Kings County

Asking Price: Annual Revenue:
$1,800,000 $695,377

Services: Dry Cleaning & Laundry

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RE: Five Star Beautiful And Well Equipped Laundromat Broker: Kingsley Alllison

Quick Facts

Asking Price: $1,800,000
Annual Revenue: $695,377
Net Profit: Not Disclosed
Cash Flow: $361,094
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2017
Employees: 3
BBN Listing #: 160353453
Broker Reference #: NYC00025

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Business Overview:

Active Owner/operators needed to increase Profitability. Presently $25,879 per month net income. A new full-time operator can increase income on this Six-month-old, 5 Star Customer Service. Illness force sale of this well equipped Laundromat, Built From Scratch with 54 washers, 56 dryers. 10,000 Square feet. One-year-old equipment. 18 years left on a 20 years lease. The seller is willing to stay on for a transition period.
High Income Opportunity, Low investment of time, LOW RENT with a long-term lease.
New owner can expand corporate accounts and Wash Dry and Fold, pick up and delivery service for additional revenue. Great Location, lots of foot traffic, on-site parking.
$57,948.09 Monthly Income

Monthly Expense
$9,225 Rent
$7,100 Payroll
$2,933.00 Water
$3,529 Gas
$2,200 Electric
$389.96 Verizon
$1,500 Supplies
$1,000 Insurance

$27,876.96 Total Monthly Expense
30,091.13 Monthly Net income

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Reason for Selling:

Other interest.

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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