High-volume Laundromat in the densely populated Queens neighborhood. This is a very unique deal. First off, the facility is a spacious 4,000-square-foot stand-alone building with 68 washers and 68 dryers, only 3 years . old. The equipment alone is worth $1 million.
There is a private parking lot for the businesses, and it can operate 24/7, 365 days per year. The rent, including real estate tax, is $16K per month, with 9 years left on the current lease.
The lease can be extended for a well-qualified buyer. The current business is not open to the public. The seller will enter into a service agreement with a new owner for its commercial laundry volume as long as all service requirements are met. This translates into $1.3 million.
in annual commercial business with no marketing effort and a process that's already established. Due to the nature of the owner’s existing business, they have decided not to open to the public. A new owner can open to the public immediately and realize substantial immediate sales growth without any increase in operating expenses.
The commercial sales can be substantially moved to a night shift, so the facility may be opened to self-serve customers during the day. Based on the last year's volume and price per pound and the drop off wash and fold business, a buyer can expect to earn approximately $1,500,000.00 with a net income of approximately . $480,000.00. We are seeking a serious and financially qualified buyer with at least $2.9 million.
in liquid funds to cover the down payment. The ideal buyer would be familiar with the industry, but any serious and financially qualified buyer is welcome to inquire.
Proof of funds will be requested before any site visits, buyer/seller calls, or meetings. All meetings must be made by appointment only!
