Laundromat - Self-Service/Wash & Fold - 30645

Not Disclosed, NY
New York County

Asking Price: Annual Revenue:
$249,000 $208,000

Services: Dry Cleaning & Laundry

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RE: Laundromat - Self-Service/Wash & Fold - 30645 Broker: Vested Business Brokers

Quick Facts

Asking Price: $249,000
Annual Revenue: $208,000
Net Profit: Not Disclosed
Cash Flow: $71,405
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 30344447
Broker Reference #: Not Disclosed

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Business Overview:

A more hands-on owner could dramatically increase the gross and net of this semi absentee run laundromat, The current owner is spread too thin between his many business interests. The dry cleaners next door just went out of business, and his laundromat is already picking up drop-off wash and fold sales from that store's former customers. It would be ideal to add drop-off dry cleaning, as an addition to the services currently offered here. As it is, 50% of sales are from wash and fold, 25% from coin self-service, and another 25% from a handful of accounts, such as spas, gyms and salons, which the seller assures will continue on with a new owner. 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 lease to at least 10 years. The base rent is only $4,100/month, which is extremely below-market in a neighborhood like this one.The laundromat has been around for 45 years, and the current owner has had it for almost eight. He works maybe seven hours per week. You would be well-advised to add pick up and delivery, as a customer service option, in this affluent neighborhood. Do be very discreet when visiting this location, as the employees and customers do not know it is 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 broker or email us for further information.

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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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