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Asking Price$185,000
Revenue$195,600 Established1970
Cash Flow$63,480 Employees2 full, 1 part
FF&E$50,000 FranchiseNo
Inventory$1,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
LISTING ID # 30645

The Price Was Just Reduced on this Long Established Laundromaton Manhattan's UES. There's tremendous upside for a new more hands-on owner. The current one comes in maybe seven hours per week. You would be well-advised to add pick-up and delivery as a customer service option. You might also want to add drop-off dry cleaning to the services currently offered here. As it is, roughly 52% of sales come from drop-off wash & fold, 26% from coin self-service, 20% from two commercial accounts (which the seller assures will continue on with you), and 2% from soap sales. Twelve relatively 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 existing lease to at least 10 years. The base rent is only $4,180/month, which is well below-market for an affluent neighborhood like this one.The laundromat has been around for about 50 years and its current owner has had it for almost 10. Did I say that he comes in maybe 7 hours/week? Do be very discreet when visiting this location, as the employees and customers do not know it's 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 contact Mr. Goldman at jaygoldman@vestedbb.com once you have become either a free registered or premium buyer at www.vestedbb.com.

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. kg

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Training/Support:Seller will train
Seller Financing:No-Please make your best all down offer!
Sale Reason:Owner is spread too thin between his many business interests
Ad #120721
Seller Reference #30645
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