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Very Profitable Laundromat In New York County For Sale

New York County, New York, US
Asking Price:
$595,000
Sales Revenue:
$950,000
Cash Flow:
$170,000

Very Profitable Laundromat In Manhattan-33296

This Very Profitable Laundromat in a safe & densely populated Manhattan neighborhood can now be purchased for just 3.5 times its annual cash flow. Revenue sources break down as such: 23.5% from walk-in wash & fold and dry cleaning; 59% from wash & fold for multiple gym accounts; and 17.5% from wholesale wash & fold for a pick-up & deliver app that the sellers own and which is still ramping up. This app is rather sophisticated and can also be purchased at an additional cost (see listing 33297). The laundromat is equipped with two brand new 60 lbs. Electrolux washers and 22 Dexter washers (ten 30 lbs., nine 40 lbs., and three 60 lbs.) -- all very well-maintained. You will also find two brand new 50 lbs. Electrolux dryers and twenty 25 lbs. Dexter dryers (double-stacked). Upon meeting with the seller, he will explain the ins and the outs of all aspects of laundromat's business and this app. A Ford Transit 150 delivery van and all of the machinery are included in the asking price and will come debt-free to you.Please do not say anything to the employees or customers when visiting the laundromat, as they do not know it is for sale. Then, kindly email the listing broker, Jay Goldman.

For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-33296 for instant access to this business information.

Business Operation

Reasons for selling:

Out of state business interests and partnership dispute

Employees:
9FT
Years established:
2003

Other Information

Support & training:

Seller will train

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

595,000.00 Down &

Furniture / Fixtures value:
$200,000
Inventory / Stock value:
$10,000

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