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Established Laundromat In Manhattan For Sale

Manhattan, New York, US
Asking Price:
$185,000 (USD) Inventory / Stock included
Sales Revenue:
$195,600 (USD)
Cash Flow:
$63,480 (USD)

The Price Was Just Reduced on this Long Established Laundromaton Manhattan's UES. There's tremendous upside for a new more hands-on owner. The current one comes in maybe seven hours per week. You would be well-advised to add pick-up and delivery as a customer service option. You might also want to add drop-off dry cleaning to the services currently offered here. As it is, roughly 52% of sales come from drop-off wash & fold, 26% from coin self-service, 20% from two commercial accounts (which the seller assures will continue on with you), and 2% from soap sales. Twelve relatively new double-stacked Dexter dryers were installed just four years ago and are now fully paid off. For washers, you will find two Wascomat Super Load machines, five Wascomat Super Junior W105 Double Loader Plus, and nine Wascomat Junior W75 Double Loaders - all in good working order. The landlord stands ready to extend the existing lease to at least 10 years. The base rent is only $4,180/month, which is well below-market for an affluent neighborhood like this one.The laundromat has been around for about 50 years and its current owner has had it for almost 10. Did I say that he comes in maybe 7 hours/week? Do be very discreet when visiting this location, as the employees and customers do not know it's for sale. Then, kindly contact listing broker, Jay Goldman, should you have any questions and would like to make an appointment to speak with the owner. Please contact Mr. Goldman once you have become either a free registered or premium buyer at www.vestedbb.com.

If interested, please contact the seller through the form on this page.

For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-30645 for instant access to this business information.

Business Operation

Reasons for selling:

Owner is spread too thin between his many business interests

Employees:
2FT/1PT
Years established:
1970

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

185,000.00 Down & Please make your best all down offer!

Furniture / Fixtures value:
$50,000 (USD)
Inventory / Stock value:
$1,000 (USD) - included in the asking price

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