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Business for Sale Summary

Just Closed Laundromat for Sale in Manhattan, NY - 30645

Business Type: absentee business,laundromats
Just Closed Laundromat for Sale in Manhattan, NY
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Financial Information (non-confidential)

General Information
Asking Price $99,000 Down Payment $99,000
Gross Revenues $195,600 Lease Remaining Register Free to View
Owner’s Cash Flow $63,480 Number of FT Employees Register Free to View


$99,000 Down and Please make your best all down offer!

Business Description

The Asking Price was Just Reduced from $185K to $99K to reflect that this Laundromat's current owner had to close it after 10 years. He still holds the keys and all of the equipment is still in place and in good working order in this safe UES Manhattan neighborhood. The landlord stands ready to give a new lease of at least 10 years at a well-below market rate. There is tremendous upside for a new more hands-on owner. The current one only came in maybe 7 hours per week. You would be well-advised to add pick-up and delivery as a customer service option. You might also want to add drop-off dry cleaning to the services that had been offered here. The financials presented here are from 2019, before the pandemic started. Roughly 52% of sales came from drop-off wash & fold, 26% from coin self-service, 20% from two commercial accounts, and 2% from soap sales. Twelve relatively new double-stacked Dexter dryers were installed just 5 years ago and are now fully paid off. For washers, you will find two Wascomat Super Load machines, five Wascomat Super Junior W105 Double Loader Plus, and nine Wascomat Junior W75 Double Loaders. Kindly contact listing broker, Jay Goldman, should you have any questions and would like to make an appointment to speak with the owner. Only serious buyers who are ready to move quickly. Please contact Mr. Goldman at jaygoldman@vestedbb.com, once you have become either a free registered or premium buyer at www.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.