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Profitable Laundromat In New York County For Sale

New York County, New York, US
Asking Price:
$450,000
Sales Revenue:
$406,500
Cash Flow:
$107,000

Located in an ideal neighborhood for a laundromat, you will find 17 Huebsch washers and 20 Huebsch double-stacked dryers comfortably space out over 1,000 square feet. They are approximately 10 years old and have been well-maintained. If you intend to be an owner/operator, the seller represents that you will most likely start off grossing $406,500 and netting $107,000, annually. Roughly, 55% of gross sales derive from wash & fold, 39% from coin-operated self-service, 3% from soap sales, and 3% from dry cleaning. These numbers should improve as the lingering effects of the pandemic on the laundromat business subside. Your presence there, along with 2-3 part-time attendants, should also make a big difference in customer service and sales. The owner is willing to consider selling this laundromat and listing 34771 as a package deal. He has kept excellent records that should check out, once you are in the due diligence phase. 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 34772. 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.

Business Operation

Reasons for selling:

The seller has other business interests he must attend to.

Employees:
3PT
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:

450,000.00 Down & The seller may consider offering some financing to highly qualified buyers, but prefers all-down offers.

Furniture / Fixtures value:
$399,500
Inventory / Stock value:
$2,000

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