**NDA Required for address**
Business Overview
Recently opened laundromat in Manhattan’s Hell’s Kitchen neighborhood, launched in April 2026. The business has quickly established revenue through self-service laundry, wash-and-fold, and account-based services. Recent monthly revenue averages $42,000+ and is trending toward approximately $45,000 per month, representing an annualized revenue run rate of approximately $540,000. The business requires only approximately five hours of owner involvement per week and is supported by an existing staff.
Highlights
- $42,000+ recent average monthly revenue
- Revenue trending toward approximately $45,000/month
- Approximately $540,000 annualized revenue at the $45K monthly run rate
- Seller projects approximately $200,000 annualized net income as revenue continues to ramp
- Opened April 2026
- Approximately 30%-40% of revenue from wash-and-fold
- Approximately 5 hours of owner involvement per week
- 2 full-time and 2 part-time employees
- 18 Dexter washers and 22 Dexter dryers
- Equipment approximately 5 years old
- Approximately 13 years remaining on lease, with renewal option reported
- Experienced ownership with seven laundromat locations
- Seller willing to provide transition support
Growth Opportunities
Significant upside remains through expanding commercial relationships with hotels, restaurants, gyms, salons, and other recurring-volume customers. Additional opportunities include growing existing shelter and institutional accounts, developing pickup and delivery services, improving weekday utilization, extending operating hours where appropriate, and adding ancillary revenue streams such as vending.
Financial Overview
The business opened in April 2026 and does not yet have a full historical operating year. Recent revenue averages approximately $42,000+ per month and is trending toward $45,000. Monthly rent is approximately $14,800, utilities approximately $6,000, and payroll approximately $7,000. Financial and run-rate figures are seller-reported and should be verified during due diligence.
Reason for Sale
Ownership operates a seven-store laundromat portfolio primarily concentrated in Long Island and is selling this Manhattan location to refocus time and resources on its core portfolio.
