Description Laundromat low rentt long lease, absentee owner.
Location: Queens County NYC NY.
This well established laundromat is located in an excellent area, and they have an excellent reputation. A nice size in a 1,600 square feet plus partial basement , the monthly rent is only $3,200, and the lease has 4 years plus two 5 year options = 14 years total lease! This store is on an avenue in a good area.
Established business was there for over 30 years. Sales are $230,000 year or $20,000 month or $5,000 week. Net profit is $70,000 year or over $5,500 month. Asking price is $175,000. They do wash & fold, and no delivery. This is a nice clean shop. They have 23 washers and 18 dryers = 41 machines.
Monthly Expenses are: gas & electric 900, water 1,500, supplies 460, insurance 150, payroll 4,500, rent 3,200, repairs 200, real estate tax 630, dry cl cost 1,500, Misc 200. Total Monthly Expense is 13,000.
Mostly absent owner.
Wash & Fold 50%
Self serve coin 30%
Dry clean 20%
There is a big opportunity to increase sales.
This sale includes furniture, fixtures, and equipment.
Turn key business includes everything you need to start your business.
Personal
No owner financing at this time.
Seeking investors with laundromat experience.
Seller will provide training and support if necessary.
Seller prefers an industry experienced buyer.
Contact Broker Roy at 914-777-1225 Thank you.
Serious Inquiries Only. No Brokers. No disappointments guaranteed.
This is an operating business, so do not contact the establishment or employment for information.
Disclaimer: The information provided here is compiled from information obtained by the Seller(s). The broker makes no representation as to its accuracy or reliability. Buyer(s) should rely upon their own verification and that of their financial &/or legal advisor with regard to this information.