$90K Net Semi-Absentee Bronx Laundromat w/ Long-Term Lease Option
Business Description
• Established Operation: Operating at the same location since 2012, serving a densely populated residential area of the Bronx.
• Diversified Revenue: About $32,000 per month based on March to August 2026 averages. That breaks down to $25,000 from self-service, $6,400 from wash and fold and pickup and delivery, and $600 from vending.
• Seasonal Upside: Reported figures cover March through August, which the owner identifies as the slower half of the year. August through February has historically been busier.
• Semi-Absentee Ownership: The owner manages pricing, payroll, and reporting remotely and has not needed to be on-site for most of 2026.
• Tenured Staff: Three full-time and one part-time attendant run daily operations. Most have been with the store since before the current ownership.
• Large Equipment Base: About 89 Wascomat washers and dryers.
• Upgraded Systems: About $50,000 invested in 2026 in a card payment and management system, with remote reporting by machine and service line. Pickup and delivery orders run through Cents with online booking.
• Hours of Operation: Monday to Thursday 7:00 AM to 11:00 PM, Friday 7:00 AM to 12:00 AM, Saturday 6:00 AM to 12:00 AM, and Sunday 6:00 AM to 11:00 PM.
• Lease Security: About 10 years remaining, with roughly 3% annual increases and no demolition clause. The landlord has indicated a new 20 to 25 year lease is available to a qualified buyer.
• Growth Potential: Pricing sits below nearby competitors and hasn't been raised in 3 to 4 years. Additional upside includes retooling the 2012 equipment, scaling pickup and delivery, using the basement for wash and fold production, and adding commercial accounts. There is no active marketing today.
• Reason for Sale: The owner is consolidating operations closer to his other locations.
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
• Diversified Revenue: About $32,000 per month based on March to August 2026 averages. That breaks down to $25,000 from self-service, $6,400 from wash and fold and pickup and delivery, and $600 from vending.
• Seasonal Upside: Reported figures cover March through August, which the owner identifies as the slower half of the year. August through February has historically been busier.
• Semi-Absentee Ownership: The owner manages pricing, payroll, and reporting remotely and has not needed to be on-site for most of 2026.
• Tenured Staff: Three full-time and one part-time attendant run daily operations. Most have been with the store since before the current ownership.
• Large Equipment Base: About 89 Wascomat washers and dryers.
• Upgraded Systems: About $50,000 invested in 2026 in a card payment and management system, with remote reporting by machine and service line. Pickup and delivery orders run through Cents with online booking.
• Hours of Operation: Monday to Thursday 7:00 AM to 11:00 PM, Friday 7:00 AM to 12:00 AM, Saturday 6:00 AM to 12:00 AM, and Sunday 6:00 AM to 11:00 PM.
• Lease Security: About 10 years remaining, with roughly 3% annual increases and no demolition clause. The landlord has indicated a new 20 to 25 year lease is available to a qualified buyer.
• Growth Potential: Pricing sits below nearby competitors and hasn't been raised in 3 to 4 years. Additional upside includes retooling the 2012 equipment, scaling pickup and delivery, using the basement for wash and fold production, and adding commercial accounts. There is no active marketing today.
• Reason for Sale: The owner is consolidating operations closer to his other locations.
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
About the Business
- Years in Operation
- 14
- Employees
- 4 (3 Full-time, 1 Part-time)
- Opportunities for Growth
- Pricing sits below nearby competitors and hasn't been raised in 3 to 4 years. Additional upside includes retooling the 2012 equipment, scaling pickup and delivery, using the basement for wash and fold production, and adding commercial accounts. There is no active marketing today.
Real Estate
- Owned or Leased
- Leased
- Rent
- $8,101 per month
About the Sale
- Seller Motivation
- Pursuing other business interests
Listing Info
- ID
- 2554537
- Listing Views
Listing ID: 2554537 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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