Absentee & Unattended & Open 24 hours.

Many Laundromats have good profits but need new equipment & remodeling which is expensive. This store is remodeled and has all new equipment (about 3 years old) but needs to increase profits still. This store needs someone to build the sales, especially Wash & Fold as well as PUD (Pick Up & Delivery). Once you build the sales higher, you won't have any major capital improvements for a while. This is being treated as an asset sale.

Newly remodeled store in a nice busy city of Ulster County, NY.

EVERYTHING IS NEW - 3 YEARS OLD: Washers, dryers, change machine, hot water heater, HVAC, camera system, floors, paint, etc. The sale even includes brand new soap & snack vending machines as well as two 65Inch TVs.

Store was recently opened 3 years ago by new owners, but they didn't realize the time needed to start and build wash & fold.

Approx. 1400 sq ft for $1,600 per month. Landlord will do a new lease with 10 years.

Seller hasn't had the time to build the Wash & Fold and Pick Up & Delivery business. This is key for the next owner.

Seller has invested substantial monies into the store. The washers & dryers alone were close to $200,000.

The store is run fully absentee, unattended and 24 hours.

12 Washers & 18 dryers.

A store like this with infrastructure (plumbing, heating, gas, sewer) and new equipment, water heater, HVAC, change machine, etc. would be a substantial investment. Everything is done so all you have to do is focus on building sales.


List Price = $275,000 FIRM
Financing is available with minimum $135,000 down and $140,000 can be financed for 5-7 around 8%.

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BROKER'S NOTE ON ABSENTEE: This store is truly run absentee but as a former laundromat owner and broker who does 20 plus laundromats a year, the more time you spend at a store and manage it, the better. Most times when you see absentee, it just means that the owner has no set hours working the store, BUT, they need to be there weekly checking inventory, collecting cash, checking on maintenance, reviewing operations, managing work flow, managing staff, etc. Thus, you should always plan and on being at any store, even if marketed as "Absentee" for 10-15 hours a week minimum. Just my 2 cents but there is so much misleading info on laundromats in Social Media today. I tell all of my clients, "Laundromats are always more work than you think." Great business but if time is a concern, it may not be right for you.