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Business for Sale Summary

Drop-Off Laundry/Dry Cleaners for Sale in NYC - 34388

Business Type: laundromats,dry cleaning/ laundry services
Drop-Off Laundry/Dry Cleaners for Sale in NYC
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Financial Information (non-confidential)

General Information
Asking Price $99,000 Down Payment $99,000
Gross Revenues $144,000 Lease Remaining Register Free to View
Owner’s Cash Flow $50,000 Number of FT Employees Register Free to View


$99,000 Down and

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 70% of gross revenues come from drop-off laundry and 30% 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 are seeing healthy increases. 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 and beyond. Please be very discreet when visiting this location, as customers do not know it's for sale. Kindly contact Jay Goldman, the listing broker, to schedule an appointment to meet with the seller, who is available for such on Fridays, Saturdays, and Sundays. Mr. Goldman can be reached at either 917-912-3282 or jaygoldman@vestedbb.com.

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.