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Asking Price$359,000
Revenue$345,084 EstablishedUndisclosed
Cash Flow$102,588 Employees3 full, 1 part
FF&EUndisclosed FranchiseNo
Inventory$1,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This Absentee-Run Coin-Operated Laundromat & Drop-Off Dry Cleaners in a Gentrifying & Safe Downtown Manhattan Neighborhood is a steal at just 3.5 times what the seller puts in his pocket . There are 10 years left on the lease for 1,000 square feet. Rent starts out at just $3,662K/month (inclusive of real estate tax) and escalates at 4% annually. The washers and dryers 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. Currently, coin self-service accounts for 45% of sales, wash &fold 39%, drop-off dry cleaning 11%, and soap sales 5%. 3 F/T employees share wash & fold responsibilities and basically 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's 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:359,000.00 Down & Please make your best all down offer!
Sale Reason:Dissolution of partnership
Ad #94944
Seller Reference #29157
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