HS Listing ID-73481
Rare 4,000 Sq. Ft. Absentee Brooklyn Laundromat With 97 Machines & Customer Parking (NO SBA)
Asking Price: $1,700,000
Annual Figures:
Gross Revenue: $900,000.00
NET Profit: $318,444.00
OPERATING EXPENSES
Rent & Water: $264,000.00
National Grid: $60,000.00
Con Edison: $60,000.00
Supplies / Soap: $18,000.00
Repairs & Maintenance: $6,000.00
Payroll: $168,000.00
Insurance: $3,600.00
Garbage: $1,956.00
Business Highlights
• Financing: No SBA financing available. Financing may be available through laundromat specific lenders, including Eastern Funding and Alliance, with a minimum 40% down payment, subject to lender approval. Must have $700,000 Liquid.
15 years remaining on the lease, providing exceptional long-term occupancy and stability for a new owner
- Spacious 4,000 sq. ft. laundromat with convenient customer parking
- Equipped with 97 commercial laundry machines, including 77 machines approximately 2 years old or newer, representing nearly 80% of the equipment
- Remaining 20 machines are approximately 15 to 20 years old
- Fully integrated card payment system across all machines, providing customers with convenient payment options
- 100% absentee ownership, with established management and employees overseeing daily operations
- Fully staffed with 1 manager and 4 additional employees, allowing the business to operate without direct owner involvement
- Well diversified revenue streams, with approximately 50% generated from self-service laundry and 50% from wash and fold services
- Payment breakdown consists of approximately 54% card transactions and 46% cash transactions
- Existing pickup and delivery operations are currently limited, presenting significant opportunities for expansion
- Attractive opportunity for an investor or experienced multi-store operator seeking an established, fully staffed laundromat with modern equipment and a favorable long-term lease
Growth Opportunities
- Significantly expand pickup and delivery services through targeted marketing and increased service coverage
- Develop commercial laundry accounts with local businesses, including salons, spas, restaurants, gyms, and hospitality operators
- Increase wash and fold volume through additional marketing, customer retention programs, and strategic partnerships
- Optimize machine pricing and operating efficiency to maximize revenue potential
- Expand digital marketing and online visibility to attract additional residential and commercial customers
Reason for Sale
Ownership is looking to divest the laundromat to focus on other existing businesses and new business ventures.
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
