Profitable Absentee-Run Laundromat for Sale in NYC - 34772

Financing

$450,000 Down and The seller prefers all-down offers, but can suggest a couple of institutions who specialize in financing laundromats acquisitions if need be.

Business Description

This Long Established & Quite Profitable Absentee-Run Laundromat is located in an ideal neighborhood for a business like this. You will find 17 Huebsch washers and 20 Huebsch double-stacked dryers comfortably spaced out over 1,000 sq. ft. They are 12 years old and have been very well maintained. The seller represents that you will most likely start off grossing $430K and netting $100K, annually. As a hands-on owner/operator, there is considerable upside to that, assuming you can make the time to do the local pick up & delivery, while your 3 loyal part-time attendants tend to everything in-store. Roughly, 55% of gross sales derive from wash and fold, 39% from coin- operated self-service, 3% from soap sales, and 3% from dry cleaning. These numbers should improve as the lingering effects of the pandemic on the laundromat business continue to subside. The owner will consider selling this laundromat and laundromat listing 34771 as a package deal. He has kept excellent records that should check out once you are in the due diligence phase under a letter of intent. You can add another 10 or so machines to the basement, should you want to build up a 24/7 commercial laundry business to go with the existing retail one. Please do not say anything to the employees and customers about the business being for sale, as they are as yet unaware.Kindly email the listing broker, Jay Goldman, at jaygoldman@vestedbb.com, to make an appointment to speak with the seller.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.