Profitable Laundromat for Sale in NYC - 34771 Business Type: dry cleaning/ laundry services,seller financing available,laundromats

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Financial Information (non-confidential)
General Information | |||
---|---|---|---|
Asking Price | $175,000 | Down Payment | $175,000 |
Gross Revenues | $219,500 | Lease Remaining | Register Free to View |
Owner’s Cash Flow | $58,400 | Number of FT Employees | Register Free to View |
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 $219,500 and netting $58,400,
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 presence there,
along with two part-time attendants, should also make a big
difference in customer service and sales. Additionally, that
this laundromat re-opened less than a year ago, implies that
growth lies ahead, as it continues to ramp up. The owner is
willing to consider selling this laundromat and listing 34772
as a package deal. He has kept excellent records that should
check out, once you are in the due diligence phase. Please email
the listing broker, Jay Goldman, at jaygoldman@vestedbb.com
to make an appointment to speak with the seller. If you are new
to Vested, kindly become a free registered buyer under listing
34771 at www.vestedbb.com. In order to obtain the name &
address of the business right away, please upgrade to premium
membership. Do not say anything to the employees and customers
about the business being for sale, as they are as yet unaware.
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.
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