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Asking Price$375,000
Revenue$338,000 EstablishedUndisclosed
Cash Flow$90,332 Employees3 full, 1 part
FF&EUndisclosed FranchiseNo
Inventory$1,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Absentee-Run Coin-Operated Laundromat & Drop-Off Dry Cleaners in Gentrifying & Safe Downtown Manhattan Neighborhood. There are 10 years left on the lease for 1,000 square feet. Rent starts out at just $4K/month and escalates at 4% annually. While the washers and dryers were manufactured 4 years ago, they have been in use for less than 2 years. They consists of 16 IPSO Washers (1 - 75 lbs., 2 - 55 lbs., 2 - 40 lbs., 2 - 30 lbs., and 9 - 18 lbs.) and16 Double-Stacked ADC Dryers. This Laundromat is Still Coming Into Its Own, so there is Plenty of Upside Left for You, especially from the pick up & delivery and drop-off of wash & fold and dry cleaning. As the neighborhood continues to gentrify, more and more of its residents will be able to afford these premium services. So far Self-Service accounts for 45% of sales, Wash & Fold 38%, Drop-Off Dry Cleaning 12%, and Soap sales 5%. 3 F/T employees share Wash & Fold responsibilities and 1 P/T takes care of Pick Up & Delivery. The seller will explain to you why you will not have to pay nearly as much for delivery as he does. Also, you will make more money if you and your family are hands-on. 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 contact the broker for further information at 1-877-735-5224.
Training/Support:The seller will train the new owner.
Seller Financing:$375,000.00 Down and N/A
Sale Reason:Dissolution of partnership
Ad #94944
Seller Reference #29157
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Jay Goldman
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