Laundromat in New York County - 30645

Not Disclosed, NY
New York County


Asking Price: Annual Revenue:
$230,000 $195,600

Services: Dry Cleaning & Laundry


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RE: Laundromat in New York County - 30645 Broker: Jay Goldman

Quick Facts

Asking Price: $230,000
Annual Revenue: $195,600
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: $63,480
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 3
BBN Listing #: 24254447
Broker Reference #: 30645

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Business Overview:

Price Just Reduced on this Long Established Laundromat
Tremendous upside for a more a new more hands-on owner. The current one comes in maybe seven hours per week. You would be well-advised to add pick-up and delivery as a customer service option. You might also want to add drop-off dry cleaning to the services currently offered here. As it is, 52% of sales come from drop-off wash & fold, 26% from coin self-service, 20% from two commercial accounts (which the seller assures will continue on with you),and 2% from soap sales. Twelve new double-stacked Dexter dryers were installed just four years ago and are now fully paid off. For washers, you will find two Wascomat Super Load machines, five Wascomat Super Junior W105 Double Loader Plus, and nine Wascomat Junior W75 Double Loaders - all in good working order. The landlord stands ready to extend the existing lease to at least 10 years. The base rent is only $4,180/month, which is well below-market in an affluent neighborhood like this one.The laundromat has been around for about 50 years and its current owner has had it for almost ten. Did I say that he comes in maybe 7 hours/week? Do be very discreet when visiting this location, as the employees and customers do not know it's for sale. Then, kindly contact listing broker ,Jay Goldman, should you have any questions and would like to make an appointment to speak with the owner. Please contact us for further information.

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Reason for Selling:

Owner is spread too thin between his many business.

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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