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$190k Net Recession Proof Laundromat With Parking For Sale

Bronx, New York, US
Asking Price:
$1,150,000
Sales Revenue:
$476,515
Cash Flow:
$190,000

HS Listing ID-37803 To view status of the listing visit link below.
https://www.hedgestone.com/business-opportunity/37803/200k-net-recession-proof-laundromat-for-sale-with-parking/

Opportunity to own a successful, established laundromat in the bustling heart of the Bronx, New York.

Set in a heavy foot-traffic location, it is surrounded by numerous businesses, apartment buildings, and giant housing co-ops, ensuring a constant flow of customers.

A major bus stop is conveniently located right at the doorstep, enabling easy access for all.

Enjoy exclusivity with little to no competition in the vicinity.

The 2,000 sq ft space comes with a secure 10-year lease, plus a 5-year option.

The property is part of a strip plaza with ample parking available for customers.

The laundromat houses 80 new, 3-year-old Dexter Machines (40 washers, 40 dryers).

The business currently operates under a semi-absentee owner, with a reliable staff of three (2 full-time, 1 part-time).

The business offers great value-add opportunities.

Currently, no ATM or vending machines are in place, providing scope for extra revenue.

Further growth can be realized through extended operating hours, the inclusion of credit card payment, and initiating advertising efforts.

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

Business Owners: We represent qualified clients that are very interested in buying all types of businesses. If you have any interest in selling your business at this time or in the near future please contact me at . Our buyers are already qualified and willing to invest their time and money toward a business like yours. All communications are kept STRICTLY CONFIDENTIAL.

CONSENT TO TEXT MESSAGING: By entering your mobile phone number, you expressly consent to receive text messages from Hedgestone Business Advisors. Message and Data rates may apply.

Property Information

Real Estate:

Lease

Lease Terms:

10-year lease, plus a 5-year option.

Leasehold Rent:

$101,844 per annum

Premises Details:

Opportunity to own a successful, established laundromat in the bustling heart of the Bronx, New York.

Size in square feet:
2,000

Business Operation

Expansion Potential:

Currently, no ATM or vending machines are in place, providing scope for extra revenue. Further growth can be realized through extended operating hours, the inclusion of credit card payment, and initiating advertising efforts.

Competition / Market:

Enjoy exclusivity with little to no competition in the vicinity. The 2,000 sq ft space comes with a secure 10-year lease, plus a 5-year option.

Reasons for selling:

Other business interests.

Employees:
3

Other Information

Support & training:

Yes.