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Business for Sale Summary

Laundromat & Drop-Off Dry Cleaners in Manhattan - 29236

Business Type: dry cleaning/ laundry services,absentee business,best deals!,new to market,laundromats
Laundromat & Drop-Off Dry Cleaners in Manhattan
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This business has received 256 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $399,000 Down Payment $399,000
Gross Revenues $418,284 Lease Remaining Register Free to View
Owner’s Cash Flow $100,560 Number of FT Employees Register Free to View


$399,000 Down and N/A

Business Description

This well-established absentee-run coin-operated Laundromat & Drop-Off Dry Cleaners located in a safe upper Manhattan neighborhood is now available for sale. There are 8 years left on the lease, which escalates at just 3%, annually. The equipment is only 6 years old and consists of: 15 Huebsch washers ( four - 6 load, six - 3 load, and five - 2 load) and 16 Double-Stacked Huebsch dryers. Coin self-service accounts for 31% of sales, wash & fold, 60%, drop-off dry cleaning, 5%, and soap sales, 4%. Three F/T employees share wash & fold responsibilities and keep an eye on the store for its owner. Should you decide to be more hands-on, you can make more money by saving on some payroll. Open 7am - midnight, 7 days/week. Do be very discreet when visiting the location, as the employees and customers do not know it is for sale. Kindly then contact listing broker Jay Goldman, should you have any questions, and would like to make an appointment to speak with the owner. Please call 1-877-735-5224 for further information.

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.