Large Profitable Laundromat in Suffolk County

Not Disclosed, NY
Suffolk County

Long Island

Asking Price: Annual Revenue:
$3,500,000 $1,180,000

Services: Dry Cleaning & Laundry

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RE: Large Profitable Laundromat in Suffolk County Broker: Ken Stein

Quick Facts

Asking Price: $3,500,000
Annual Revenue: $1,180,000
Net Profit: Not Disclosed
Cash Flow: $600,000
Total Debt: Not Disclosed
FF&E: $2,000,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 2
BBN Listing #: 9494701
Broker Reference #: 14880

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Business Overview:

Well Established Absentee Laundromat operating for 18 Years and ALL the equipment has been updated recently. This is what you have been looking for… EASY to operate, HIGHLY profitable, FEW employees, State of the Art, HUGE barriers of entry, business operates on AUTO PILOT. The card system allows for complete controls for this beautiful large laundromat. They are located in a great neighborhood in Suffolk County Long Island. It would cost close to $2m to duplicate and would take years to get the approval and build. This store is a HUGE LAUNDRY CENTER with 8,000 square feet and plenty of easy accessible parking with an excellent long term lease of 12 years remaining (Landlord is open to increasing term depending on the buyer.) The business is impressive as it is well maintained with a sparkling appearance and all equipment is of high quality and in great condition. There is tremendous potential to expand the business as there are lots of commercial businesses in the area as well as many residential apartments nearby. They have plenty of machines and space to handle major commercial laundry accounts. They currently are not offering any delivery or pick up service. This sleeping giant earns tremendous profits for the owner while operating the business almost 98% ABSENTEE. This business has excellent books and record and has been pre-approved for SBA funding. Please refer to listing number 14880 when inquiring about this opportunity.

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Additional Details:

  • The property is leased.
  • 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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