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Laundromat on Manhattan's Safe UES - 30645

New York County, New York, United States
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Asking Price$249,000
Revenue$208,000 EstablishedUndisclosed
Cash Flow$71,405 Employees2 full, 1 part
FF&E$50,000 FranchiseNo
Inventory$1,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
A more hands-on owner could dramatically increase the gross and net of this semi absentee run laundromat, located on Manhattan's safe UES. The current owner is spread too thin between his many business interests. The dry cleaners next door just went out of business, and his laundromat is already picking up drop-off wash and fold sales from that store's former customers. It would be a no-brainer to add drop-off dry cleaning, as an addition to the services currently offered here. As it is, 50% of sales are from wash and fold, 25% from coin self-service, and another 25% from a handful of accounts, such as spas, gyms and salons, which the seller assures will continue on with a new owner. Twelve new double-stacked Dexter dryers were installed just four years ago, and are now fully paid off. For washers, you will find two Wascomat Super Load machines, five Wascomat Super Junior W105 Double Loader Plus, and nine Wascomat Junior W75 Double Loaders- all in good working order. The landlord stands ready to extend the lease to at least 10 years. The base rent is only $4,100/month, which is extremely below-market in a neighborhood like this one.The laundromat has been around for 45 years, and the current owner has had it for almost eight. He works maybe seven hours per week. You would be well-advised to add pick up and delivery, as a customer service option, in this affluent neighborhood. Do be very discreet when visiting this location, as the employees and customers do not know it is for sale. Then, kindly contact listing broker Jay Goldman, should you have any questions and would like to make an appointment to speak with the owner. Please call 1-877-735-5224 for further information.

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Training/Support:The seller will train the new owner.
Seller Financing:249,000.00 Down & Please make your best all down offer!
Sale Reason:Owner is spread too thin between his many business interests
Ad #100187
Seller Reference #30645
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Contact This Seller
Jay Goldman
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