HS Listing ID-73559
The Ultimate Brooklyn Laundry Powerhouse, 146 Machines, 7,000 Sq. Ft. & Four Revenue Streams
Asking: $900,000
Gross: $1,136,882.00
Net: $266,108.00
Expense
Rent Expense 204,668.00
Property Tax 6,000.00
Garbage Expense 6,438.00
Telephone, Internet & TV 3,576.00
Insurance Expense 13,510.00
Supplies 18,579.00
Cleaning Personnel 31,680.00
Repairs and Maintenance 6,000.00
Dry Cleaning Expense 40,587.00
Wash & Fold Labor 154,892.00
Drivers 127,680.00
Cents Subscription 3,588.00
Google Advertising 4,800.00
Square Processing Fees 5,412.00
Water 111,950.00
Con Edison 56,302.00
National Grid 75,112.00
Business Highlights
- Established laundromat operating since 2008, with approximately 18 years of history serving the local community
- Spacious 7,000 sq. ft. facility across two floors, designed to accommodate both self service laundry and service based operations
- Equipped with approximately 146 commercial laundry machines, including Huebsch, Speed Queen, and UniMac equipment
- First Floor: 60 Huebsch high efficiency washers and 64 Huebsch dryers, approximately 17 to 18 years old, with equipment fully rebuilt in 2020
- Second Floor: 11 Speed Queen and UniMac washers, 11 Speed Queen dryers, and a commercial towel folding machine supporting wash and fold and commercial laundry operations
- Fully finished basement built out and actively utilized for wash and fold and pickup and delivery operations
- Multiple established revenue streams, including self service laundry, wash and fold, pickup and delivery, and dry cleaning
- First floor operates on a Laundry Pass card payment system, featuring 2 customer kiosks for convenient cashless transactions
- Wash and fold and pickup and delivery payments are processed through Square, Cash App, Venmo, and Zelle
- Fully staffed with 7 employees, including 3 wash and fold attendants, 3 pickup and delivery drivers, and 1 cleaning and maintenance employee
- Owner is actively involved in daily operations, typically on site from 8:30 AM to 6:00 PM, assisting with customer service, ticket management, and operational oversight
- Lease in place through 2030 with a 5 year renewal option, with the landlord open to discussing an extension for a qualified buyer
- Current ownership has operated the business for approximately 5.5 years
- Established infrastructure supporting both walk in customers and commercial laundry accounts
- No SBA financing available
Growth Opportunities
- Expand pickup and delivery operations into additional surrounding neighborhoods
- Increase commercial laundry accounts with hotels, restaurants, salons, gyms, spas, and other local businesses
- Further develop wash and fold services through targeted marketing and customer retention initiatives
- Utilize the existing towel folding equipment to pursue additional high volume commercial laundry contracts
- Expand digital marketing and online visibility to attract additional residential and commercial customers
- Opportunity for an experienced operator to streamline management responsibilities and improve operational efficiency
Reason for Sale
Seller is relocating out of state and will no longer be able to oversee the daily operations of the business.
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
