Laundromat For Sale In Kings County, NY-26876

Not Disclosed, NY
Kings County


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

Services: Dry Cleaning & Laundry


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RE: Laundromat For Sale In Kings County, NY-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: 2007
Employees: 2
BBN Listing #: 66364447
Broker Reference #: 26876

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Business Overview:

The seller is the landlord, and is willing to give you a brand new, below-market, 20-year lease, starting at just $5,500/month. This is a well-maintained, 2,000 square feet, family-run laundromat, located in a safe, diverse and ever-gentrifying Brooklyn neighborhood. He is also open to giving you the right of first refusal on the four-story residential building, within which the laundromat is housed. It's doubtful you'll uncover another gem of this 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 wash and 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 the business is 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 for further information.

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Reason for Selling:

Retirement.

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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