Just Closed Laundromat for Sale in Manhattan, NY
New York County, NY

Financing: $99,000.00 Down and Please make your best all down offer!

Reason for Selling:The owner decided to close this business.

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.

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