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Asking Price$425,000
Revenue$392,136 EstablishedUndisclosed
Cash Flow$120,816 EmployeesUndisclosed
FF&EUndisclosed FranchiseNo
Inventory$1,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This established, absentee-run, coin-operated laundromat and drop-off dry cleaners is located in a safe Upper Manhattan neighborhood. It can now be purchased for just 3.5 times what the owner pockets, annually. There are 12 years left on the lease (3% escalation) for 1,300 square feet. This established laundromat has the following almost brand-new equipment: 22 Huebsch Washers (one - 8 load, three - 6 load, nine - 3 load, and nine - 2 load) and 22 Huebsch Double-Stacked Dryers ( six - large and 16 - medium load). Coin self-service accounts for 49% of sales, wash & fold, 43%, dry cleaning, 4%, and soap sales, 4%. Three F/T employees share wash & 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. 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.
Seller Financing:425,000.00 Down & Make your best all down offer!!
Sale Reason:Other
Ad #103152
Seller Reference #29243
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