Large & Established Laundromat Manhattan 31433

Not Disclosed, NY
New York County

Asking Price: Annual Revenue:
$750,000 $1,045,722

Services: Cleaning

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RE: Large & Established Laundromat Manhattan 31433 Broker: Jay Goldman
Owner Financing is Available!
$549,000.00 Down & The sellers are willing to finance $150,000 at 6% over 18 months.

Quick Facts

Asking Price: $750,000
Annual Revenue: $1,045,722
Net Profit: Not Disclosed
Cash Flow: $242,560
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2004
Employees: 12
BBN Listing #: 20284447
Broker Reference #: 31433

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Business Overview:

This Very Profitable Laundromat in a safe & densely populated Manhattan neighborhood can be purchased for just 3 times its annual cash flow. 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). 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 to be determined. Upon meeting with the sellers, they 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 be extremely discreet when visiting the laundromat, as the employees and customers do not know that it's for sale. To make an appointment to speak with the sellers and get a full tour of the facilities, please contact the listing broker, Jay Goldman, at 917-912-3282.

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Broker Info

Jay Goldman


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Reason for Selling:

Sellers have unrelated business interests they now

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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