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Large And Established Laundromat In Manhattan For Sale

Manhattan, New York
Asking Price:
$675,000 (USD)
Sales Revenue:
$1,045,722 (USD)
Cash Flow:
$242,560 (USD)

This Very Profitable Laundromat in a safe & densely populated Manhattan neighborhood can be purchased for just 3 times its annual cash flow. The laundromat is equipped with two brand new 60 lbs. Electrolux washers and 22 Dexter washers (ten 30 lbs., nine 40 lbs., and three 60 lbs.) -- all very well-maintained. You will also find two brand new 50 lbs. Electrolux dryers and twenty 25 lbs. Dexter dryers (double-stacked). Revenue sources break down as such: 23.5% from walk-in wash & fold and dry cleaning; 59% from wash & fold for multiple gym accounts; and 17.5% from wholesale wash & fold for a pick-up & deliver app that the sellers own and which is still ramping up. This app is rather sophisticated and can also be purchased at an additional cost to be determined. Upon meeting with the sellers, they will explain the ins and the outs of all aspects of laundromat's business and this app. A Ford Transit 150 delivery van and all of the machinery are included in the asking price and will come debt-free to you. Please be extremely discreet when visiting the laundromat, as the employees and customers do not know that it's for sale. To make an appointment to speak with the sellers and get a full tour of the facilities, please contact the listing broker.

For more information on this listing.

Broker Info

Jay Goldman

Property information

Real Estate:

Lease

Business Operation

Reasons for selling:

Sellers have unrelated business interests they now want to focus on, but will provide you with all the transitional support & training you will need. There is also a partnership dispute.

Employees:
12
Years established:
15

Other Information

Support & training:

Yes

Financing available:

550,000.00 Down & The sellers may be willing to finance $200K at 6% over 18 months. They would prefer, however, that you seek funding elsewhere.

Furniture / Fixtures value:
$200,000 (USD)
Inventory / Stock value:
$10,000 (USD)

Contact Information

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