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Asking Price$399,000
Revenue$392,136 EstablishedUndisclosed
Cash Flow$120,816 Employees3 full, 1 part
FF&EUndisclosed FranchiseNo
Inventory$1,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This Established Absentee-Run Coin-Operated Laundromat & Drop-Off Dry Cleaners located in a Safe Upper Manhattan Neighborhood 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 (1 - 8 load, 3 - 6 load, 9 - 3 load, and 9 - 2 load) and 22 Huebsch Double-Stacked Dryers ( 6 - 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 meet with the owner. Please call 1-877-735-5224 for further information.
Training/Support:The seller will train the new owner.
Seller Financing:399,000.00 Down & Make your best all down offer!!
Sale Reason:Dissolution of Partnership
Ad #90758
Seller Reference #29243
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Jay Goldman
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