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Profitable Laundromat In New York County For Sale

New York County, New York, US
Asking Price:
$175,000
Sales Revenue:
$219,500
Cash Flow:
$58,400

Located in an ideal neighborhood for a laundromat, this one was completely refurbished in 2021. You will find 18 like-new Ipso washers and 14 Speed Queen double-stacked dryers comfortably spaced out over 875 square feet. If you intend to be an owner/operator, the seller represents that you will most likely start off grossing $219,500 and netting $58,400, annually. Roughly, 57% of gross sales derive from wash & fold, 36% from coin-operated self-service, 6% from soap sales, and just 1% from dry cleaning. These numbers should improve as the lingering effects of the pandemic on the laundromat business subside. Your presence there, along with two part-time attendants, should also make a big difference in customer service and sales. Additionally, that this laundromat re-opened less than a year ago, implies that growth lies ahead, as it continues to ramp up. The owner is willing to consider selling this laundromat and listing 34772 as a package deal. He has kept excellent records that should check out, once you are in the due diligence phase. If you are new to Vested, kindly become a free registered buyer under listing 34771. In order to obtain the name & address of the business right away, please upgrade to premium membership. Do not say anything to the employees and customers about the business being for sale, as they are as yet unaware.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us to discover the difference that is Vested Business Brokers.

Business Operation

Reasons for selling:

The seller has other business interests he must attend to.

Employees:
2PT
Years established:
2012

Other Information

Support & training:

Seller will train

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

175,000.00 Down & The seller may consider offering some financing to highly qualified buyers, but prefers all-down offers.

Furniture / Fixtures value:
$217,800
Inventory / Stock value:
$1,500

Contact Vested Business Brokers HQ

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