1. Home
  2. Businesses for Sale
  3. New York
  4. Dry Cleaning/ Laundry Services
Business for Sale Summary

Drop-Off Laundry & Dry Cleaners in Prime Manhattan - 34388

Business Type: cleaning services,laundromats,dry cleaning/ laundry services
Drop-Off Laundry & Dry Cleaners in Prime Manhattan
Get Instant Access to the Business Financial Information

Take Action

This Listing Has Not Been Added to Your Portfolio Add this listing to your portfolio to view confidential financial info
View Financials Free Get the Address Click Here
*Some information is only available to registered members. Please login or register to view confidential information.
This business has received 17 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $120,000 Down Payment $120,000
Gross Revenues $120,000 Lease Remaining Register Free to View
Owner’s Cash Flow $40,000 Number of FT Employees Register Free to View

Financing

$120,000 Down and Please make your best all down offer!!

Business Description

Established for 25 years at the same UES location, the current owner is now ready to sell this profitable Drop-Off Laundry & Dry Cleaners. At present, approximately 75% of gross revenues come from drop-off laundry and 25% from dry cleaning & laundered shirts. Prior to the pandemic and closing of business offices, the mix was closer to 50%/50%. As customers return to their offices, revenues from dry cleaning & laundered shirts should see healthy increases. Self-service laundry is not available in this store. You will find 6 Wascomat Junior W74s & 1 Wascomat Senior W124 washing machines and 1 Wasco Dry 50, 2 Wasco Dry 30s, & 2 brand new Wascomat D735 dryers. Annual maintenance expense for all of the machines combined is nominal. Water usage comes out to about $500/month. Gas & electric are about the same as that. Rent is $4,800/month for 800 square feet. There is no real estate tax. This would be an ideal business for a husband/wife team to take over and build back up to its former success, as the negative effects from the pandemic wane and business offices re-open. Please be very discreet when visiting this location, as the customers do not know it's for sale. Then, kindly email the listing broker, Jay Goldman, at jaygoldman@vestedbb.com to make an appointment to meet with the owner to ask some questions and get a full tour of his facilities. If you are new to Vested Business Brokers, go to www.vestedbb.com to become a free registered buyer under listing 34388. Should you want to obtain the name & address right away, kindly upgrade to premium membership.

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.