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Asking Price$349,000
Revenue$491,484 Established1988
Cash Flow$136,404 Employees4 full-time
FF&EUndisclosed FranchiseNo
Inventory$1,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This Established, 1,200 sq. ft. Absentee-Run Coin-Operated Laundromat and Drop-Off Dry Cleaners located in a Safe UWS Manhattan Neighborhood can now be purchased for just 2.5 times what the owner annually pockets. There are 10 years left on the lease and the rent escalates at just 3%, annually. The equipment is middle-aged and well-maintained. It consists of 5 IPSO Washers (2 - 55 lbs. and 3 - 40 lbs.), 13 Huebsch Washers (2 large and 11 smaller), and 16 double-stacked ADC Dryers. Coin self-service accounts for 35% of sales, wash & fold, 53%, drop-off dry cleaning, 9%, and soap sales, 3%. Four F/T employees share wash and fold responsibilities and keep an eye on things for the owner. Should you decide to be more hands-on, you can make more money by saving on some payroll. It is rare to find a well-established laundromat like this in Manhattan with 10 years left on the lease, asking just 2.5 times what the owner pockets. Open 7am - midnight, 7 days/week. Do be very discreet when visiting the location, as the employees and customers do not know it is for sale. Kindly then 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.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.
Training/Support:Seller will train buyer.
Seller Financing:349,000.00 Down & Make your best all-down offer!
Sale Reason:Dissolution of partnership.
Ad #100505
Seller Reference #29165
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Vested Business Brokers
Vested Business Brokers
877-735-5224
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