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Established Laundromat For Sale

7/wk
Richmond County, New York, United States
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Asking Price$599,000
Revenue$297,000 EstablishedUndisclosed
Cash Flow$145,900 Employees2 full, 1 part
FF&E$250,000 FranchiseNo
Inventory$200* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Established in 1978, this absentee-run Modernized, Clean, and Spacious Laundromat located in Staten Island has been owned by the same person for the last 13 years. The landlord stands ready to give you a brand new 10 year lease with a 5 year option starting at just $3,600/month. The 20 washers and 20 dryers are only about a year old and are Ultra-Efficient on Energy and Water. The washers consist of 1 - 80 lbs. load Wascomat, 3 - 60 lbs. ADCs, 7 - 45 lbs. ADCs, and 9 - 25 lbs. ADCs. The dryers are all 45 lbs. double-stacked ADCs. The state-of-the-art vending machine dispenses approximately $5K/yr. in soft drinks, detergents, and softeners. Wash & fold revenues account for more than double those for coin self-service. This is an all cash business. You may be able to increase your sales by accepting credit cards and promoting the availability of pick-up & delivery and drop-off dry cleaning. You can put more money in your pocket should you choose to be more hands-on, thereby eliminating one or more employee salaries. Lastly, you would be well-advised to generally do more advertising, both traditional and social media, to draw more business to this location. It certainly can handle it! Please be prepared to make your best offer, as this one is going to move quickly, given the seller is only asking 4 times what he profits, the equipment is almost brand new, and the laundromat comes with a long lease & a very reasonable base rent. 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:499,000.00 Down & The seller will finance $100,000.00 at 6% over 24 months
Ad #91794
Seller Reference #27965
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Contact This Seller
Jay Goldman
877-735-5224
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