Established Laundromat in New York County, NY

Not Disclosed, NY
New York County

Asking Price: Annual Revenue:
$165,000 $410,000

Services: Dry Cleaning & Laundry

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RE: Established Laundromat in New York County, NY Broker: Seller of Business

Quick Facts

Asking Price: $165,000
Annual Revenue: $410,000
Net Profit: Not Disclosed
Cash Flow: $64,416
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Michigan
Year Established: 2004
Employees: 7
BBN Listing #: 53684447
Broker Reference #: 31860

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Business Overview:

Money making Laundromat in New York County ....1,600 Square Feet. 7 years remain on existing 10 years. Landlord will upgrade to 10 years to credit worthy tenant. Rent includes 2019 3% increase and Real Estate taxes. at $7,702.00 a month. Small basement area for equipment and utilities. No storage. 18 washers (10-small,7-medium,1-extra large) 14 dryers. 4-full-time, 2 part-time, 1 pick-up delivery driver employees. Total monthly payroll, $13,407. No override commissions, all hourly rate between, $12-$15.00 per hour. Owner rates employees as outstanding and honest. Monthly Income generated from: Commercial accounts $15,000, in-store tickets $15,000, in-store walk-in $4,000. Equipment a little older, but in excellent working condition and half of the washers have had been fully refurbished. This is a perfect semi-absentee operation, or can be operated and developed as full time business.This laundromat is a winner for a financially viable buyer. Outstanding opportunity for 1st time buyer. For more information Please contact Bryn Jones or email us.

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Reason for Selling:

Owners Relocating.

Additional Details:

  • The property is owned.
  • 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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