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Massive Zombie Laundromat With Parking - Retool Opportunity For Sale

Harlem, New York, US
Asking Price:
$325,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$385,000
Cash Flow:
Not applicable

HS Listing ID-62637

5,200 SQFT with Full Basement.

158 Machines all about 90% of Life Span – Needs Retool.

Does about $32k in Revenue Monthly in Current Condition.

Currently operated fully absentee, needs attention. Owner is neglecting store.

7-8 Space Parking Lot Attached, only laundromat in area with parking.

$11,000 Rent (Very under market rent for this location).

10 Years Left on Lease + 10 Year Option.

Very Densely Populated Area, hundreds of apartment buildings surrounding the store.

This store should easily be doing $15,000 per week with the right operator and newer equipment.

Store used to do close to $600,000 prior to COVID with minimal attention.

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

Property Information

Real Estate:

Lease

Lease Terms:

10 Years Left on Lease + 10 Year Option.

Leasehold Rent:

$132,000 per annum

Business Operation

Reasons for selling:

Other business interests.

Other Information

Support & training:

Yes.

Financing available:

N/A