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Asking Price$449,000
Revenue$481,020 EstablishedUndisclosed
Cash Flow$145,217 Employees3 full, 1 part
FF&EUndisclosed FranchiseNo
Inventory$1,000 RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This Well-Established Absentee-Run Coin-Operated Laundromat & Drop-Off Dry Cleaners in a Safe Upper Manhattan Neighborhood can now be purchased for just 3 times what the owner annually pockets.The lease has10 years left on it and escalates at 3% per year. The equipment is only 6 years old and consists of: 17 Huebsch Washers ( 4 - 6 load, 7 - 3 load, and 6 - 2 load) and 22 Double-Stacked Huebsch Dryers (8 - Large and 14 - Medium load). Coin self-service accounts for 40% of sales, wash & fold 49%, drop-off dry cleaning 7%, and soap sales 4%. 3 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'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:449,000.00 Down & Make your best all down offer!
Sale Reason:Dissolution of partnership
Ad #96315
Seller Reference #29164
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Jay Goldman
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