$255K Net, Profitable Absentee-Run Laundromat in Bronx For Sale
Business Description
• Location: Located in a high foot traffic area of the Bronx, surrounded by large residential buildings that drive consistent walk-in business.
• Operation: Absentee-run with the owner visiting just 1–2 times per week. Fully staffed with daily operations handled by employees.
• Lease: 17 years remaining with 3% annual increases, offering long-term lease security.
• Size & Layout: 3,500 SQ FT facility with an open and functional layout suitable for high customer volume.
• Basement: Full basement included, offering valuable additional space for storage, equipment, or future utility needs.
• Condition: Clean and well-maintained space built for steady use and long operating hours.
• Equipment: 67 Speed Queen machines (37 washers, 30 dryers), installed approximately 4 years ago.
• Payment System: New card-based payment system (Laundryworks), recently installed, eliminating coin handling and streamlining customer transactions.
• Service Breakdown: 74% Self-Service, 22% Wash & Fold, 3% Soap Sales (based on 2024 sales data).
• Employees: Staffed with 3 employees managing day-to-day operations.
• Hours of Operation: 7am - 10:30pm
• Reason for Sale: Seller is reducing the number of locations to focus on other business opportunities.
• Financing Options: No SBA Financing. Laundromat bank financing available, buyer must have 35-40% down payment. Or an all cash deal.
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
• Operation: Absentee-run with the owner visiting just 1–2 times per week. Fully staffed with daily operations handled by employees.
• Lease: 17 years remaining with 3% annual increases, offering long-term lease security.
• Size & Layout: 3,500 SQ FT facility with an open and functional layout suitable for high customer volume.
• Basement: Full basement included, offering valuable additional space for storage, equipment, or future utility needs.
• Condition: Clean and well-maintained space built for steady use and long operating hours.
• Equipment: 67 Speed Queen machines (37 washers, 30 dryers), installed approximately 4 years ago.
• Payment System: New card-based payment system (Laundryworks), recently installed, eliminating coin handling and streamlining customer transactions.
• Service Breakdown: 74% Self-Service, 22% Wash & Fold, 3% Soap Sales (based on 2024 sales data).
• Employees: Staffed with 3 employees managing day-to-day operations.
• Hours of Operation: 7am - 10:30pm
• Reason for Sale: Seller is reducing the number of locations to focus on other business opportunities.
• Financing Options: No SBA Financing. Laundromat bank financing available, buyer must have 35-40% down payment. Or an all cash deal.
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
About the Business
- Facilities & Assets
- 67 Speed Queen machines (37 washers, 30 dryers)
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 3,500
- Rent
- $10,800.00 per month
About the Sale
- Financing Options
- No SBA Financing. Laundromat bank financing available, buyer must have 35-40% down pa
Listing Info
- ID
- 2405226
- Listing Views
- 435
Listing ID: 2405226 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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