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Turn-key Absentee Card Laundromat In Bronx For Sale

Bronx, New York, US
Asking Price:
$999,999
Sales Revenue:
$415,967
Cash Flow:
$150,530

HS Listing ID-40110

Located directly next to multiple apartment buildings in a high-foot traffic, high population density with easy access to public transportation.

Owner is fully absentee, only stops by 1-2x a week.

18 years remaining on the lease, 3% increases annually.

High Tech Card System, Speed Queen Machines.

70 Machines (34W, 36D) – 2 years old.

3,000 SQ FT Space.

3 employees.

Hours of Operation: 6 am – 12 am.

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

Property Information

Real Estate:

Lease

Lease Terms:

18 years.

Leasehold Rent:

$94,685 per annum

Premises Details:

3,000 SQ FT Space. Turn-Key Absentee Card Laundromat in Prime Location.

Business Operation

Expansion Potential:

18 years remaining on the lease, 3% increases annually.

Competition / Market:

70 Machines (34W, 36D) - 2 years old.

Reasons for selling:

Other business interests.

Other Information

Support & training:

Yes.

Financing available:

N/A