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Profitable & Established Laundromat In New York County For Sale

New York County, New York, US
Asking Price:
$360,000 Inventory / Stock included
Sales Revenue:
$225,000
Cash Flow:
$75,000

As we emerge from the pandemic, this Laundromat has the potential to become way more profitable. While self-service kept up most of its strength, wash & fold decreased some, and dry cleaning came down a lot. When they rebound, look out! On the left side of the 1,700 sq. ft. space, you will find 22 like-new three year old Electrolux ultra-efficient washing machines. On the right, 22 middle-aged Dexter double-stacked dryers. Maintenance & repairs average just $200/month. Two employees take shifts covering the store hours, which are from 8am-8pm. Pre-pandemic, store hours were from 7am-10pm. You might want to go back to longer hours after you take over. The $75K in cash flow advertised here assumes, among other things, that you will replace one of the two employees. Currently, there is no advertising being done for this laundromat. You would be well-advised to do some, whether it be traditional handing out flyers or utilizing social media. Adding a pick-up & delivery option might be a good idea, too! I should mention that there is capacity to in-source commercial laundry from the likes of pick-up & delivery apps that need to out-source. Located in an ideal neighborhood for a NYC laundromat, it should be a breeze to ramp this baby up. A little love & attention will go a long way here. The landlord is the absentee-owner. He has bigger fish to fry. However, he stands ready to give you a new 12 year lease for just $5,200/month. All reasonable offers will be considered! Please email the listing broker, Jay Goldman, to make an appointment to speak with the seller. If you are new to Vested, kindly become a free registered buyer under listing 34654. In order to obtain the name & address of the business right away, upgrade to premium membership instead.

If interested, please contact the seller through the form on this page.

Business Operation

Reasons for selling:

Other business interests

Employees:
1FT
Years established:
1999

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

360,000.00 Down & Some seller financing may be considered for qualified purchasers.

Furniture / Fixtures value:
$250,000
Inventory / Stock value:
$1,500 - included in the asking price

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