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Established Laundromat Business
Location: United States -> New York -> New York City Area -> Richmond County
Industry: Business Services > Laundry

Business Summary

Established in 1978, this absentee-run, modernized, clean and spacious laundromat, located in Staten Island, has had just one owner for the past 13 years. His landlord stands ready to give you a brand new 10 year lease, with a 5-year option, starting at just $3,600/month. There is 1,500 square feet, inside, and a parking lot with 60 spaces. The 20 washers and 20 dryers are only about a year old, and are all ultra- efficient on energy and water. The washers consist of one 80 lbs. load Wascomat, three 60 lbs. ADCs, seven 45 lbs. ADCs, and nine 25 lbs. ADCs. The dryers are all 45 lbs.double-stacked ADCs. Wash and fold accounts for 60% of gross, and coin self-service, 40%. This is an all-cash business whose financial representations can be verified. You may be able to increase your sales by accepting credit cards and by promoting the availability of pick-up and delivery of wash & fold and drop-off dry cleaning.

You can put more money in your pocket, should you choose to be more hands-on by 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 owner is asking less than 3.5 times what he profits and is willing to offer some seller financing. The equipment is almost brand new and the laundromat comes with a long lease and 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.


Asking Price Range:  $500K - $1.0M
Gross Revenues:   $310,000
Cash Flow:   $162,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  1972
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  Yes
Reason For Selling:  Other


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Established Laundromat Business Photo 1 Established Laundromat Business Photo 2 Established Laundromat Business Photo 3

Print Listing Id: 700317007
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