Profitable & Growing Laundromat for Sale in NYC - 34771

Financing

$175,000 Down and The seller may consider offering some financing to highly qualified buyers, but prefers all-down offers.

Business Description

Located in an ideal neighborhood for a Laundromat, this one was completely refurbished in 2021. You will find 18 like-new Ipso washers and 14 Speed Queen double-stacked dryers comfortably spaced out over 875 square feet. If you intend to be an owner/operator, the seller represents that you will most likely start off grossing $265,000 and netting $84,000, annually. Roughly, 57% of gross sales derive from wash & fold, 36% from coin-operated self-service, 6% from soap sales, and just 1% from dry cleaning. These numbers should improve as the lingering effects of the pandemic on the Laundromat business subside. Your efforts alongside those of 2 loyal part-time attendants, should make a big difference in gross sales and profits. Given that this laundromat re-opened just over a year ago, means that growth lies ahead, as it continues to ramp up. The owner is willing to sell this Laundromat and Laundromat listing 34772 as a package deal. He has kept excellent records that should check out, once you are in the due diligence phase. You can add another 10 or so machines to the basement, should you want to build up a 24/7 commercial laundry business to go with the existing retail one. Kindly do not say anything to the employees and customers about the business being for sale, as they are as yet unaware. Please email the listing broker, Jay Goldman, at jaygoldman@vestedbb.com to make an appointment to speak with the seller.

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.