Laundromat
Location New York,United States
Asking Price Range $500K - $1.0M
Gross Revenues $650000
Net Profit / Cash Flow $0
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1999
Number of Employees 10 - 19
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training The seller will train and consult for a reasonable period of time.
Description The business can best be classified as a ''worker's'' Laundromat that produces on average $12,653 in weekly sales. 67% of their business is commercial pickup and delivery business, in which the business provides laundry services to 18 commercial accounts. The balance of the business stems from retail walk-in business consisting of traditional coin laundry business, drop off, drop off dry cleaning, and the sale of soaps. The business owns 36 machines. 24 of the 36 machines are Wascomat washers which consist of 14 18lbers, 4 20lbers, 4 35lbers,and 2 50lbers. In addition, the business owns 12 American Dryers (Double Stack) and 1 passenger van used to pick up laundry from their 12 drop store accounts. The machines and boiler are 8 years old. The new owner will receive a new ten year lease with 3.5% increases yearly. The current rent is $4,480 + $1,200 per year in real estate taxes. Finally, considering this is a ''worker's'' Laundromat, the current owner works full time hours to operate the store. Contact for more information on this laundromat for sale.
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