Very Profitable Laundromat in Manhattan-33296

Not Disclosed, NY
New York County

Asking Price: Annual Revenue:
$595,000 $950,000

Services: Dry Cleaning & Laundry

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RE: Very Profitable Laundromat in Manhattan-33296 Broker: Jay Goldman
Owner Financing is Available!
$595,000.00 Down & None

Quick Facts

Asking Price: $595,000
Annual Revenue: $950,000
Net Profit: Not Disclosed
Cash Flow: $170,000
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: 2003
Employees: 9
BBN Listing #: 22774447
Broker Reference #: 33296

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Business Overview:

This Very Profitable Laundromat in a safe & densely populated Manhattan neighborhood can now be purchased for just 3.5 times its annual cash flow. Revenue sources break down as such: 23.5% from walk-in wash & fold and dry cleaning; 59% from wash & fold for multiple gym accounts; and 17.5% from wholesale wash & fold for a pick-up & deliver app that the sellers own and which is still ramping up. This app is rather sophisticated and can also be purchased at an additional cost (see listing 33297). The laundromat is equipped with two brand new 60 lbs. Electrolux washers and 22 Dexter washers (ten 30 lbs., nine 40 lbs., and three 60 lbs.) -- all very well-maintained. You will also find two brand new 50 lbs. Electrolux dryers and twenty 25 lbs. Dexter dryers (double-stacked). Upon meeting with the seller, he will explain the ins and the outs of all aspects of laundromat's business and this app. A Ford Transit 150 delivery van and all of the machinery are included in the asking price and will come debt-free to you.Please do not say anything to the employees or customers when visiting the laundromat, as they do not know it is for sale. Then, kindly contact the listing broker, Jay Goldman to make an appointment for a tour of the facilities and to speak with the owner. Please obtain the address for listing 32296 before contacting Mr. Goldman. Please use email reply button of this ad to contact us.

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Reason for Selling:

Out of state business interests and partnership dissolution.

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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