Brooklyn Laundromat – Profitable, Absentee-Run (Financing Available)
Business Description
HS Listing ID-67207
Annual Financials:
Gross Revenue: $399,000
Adjusted NOI: $176,000
Annual Expenses:
Store Rent: $61,812.00
Advertising:$9,000.00
Insurance (Property + Liability + Workers + Shelterpoint): $6,400.00
Maintenance (Lint cleaning + Minor machine maintenance): $2,333.33
Electricity (ConEd): $19,409.33
Gas (National Grid): $13,090.67
Garbage: $2,556.00
Internet Charges: $2,727.96
POS Subscription: $2,388.00
Fees (Payment processor, chargebacks, bank, etc.): $10,529.33
Cost of Retail Items (Detergent, Softener, Pods, etc.):$8,733.33
Operations (Dry Cleaning, Detergent for WDF, etc.): $12,533.33
Gas (for Pick-Up & Delivery): $3,000.00
Phone Bill: $780.00
Employee Salary: $118,250.67
Business Highlights:
Revenue Breakdown: Self-Service: 45%, Pickup & Delivery: 35%, Drop-Off & Dry Cleaning: 20%
Upgraded Systems: New tankless boiler installed late 2023 & Drainage system upgraded Dec 2023 with stainless steel lint bucket
Lease Terms: 23 years remaining W/ 4% rent escalations every 2 years
Staffing: 2 full-time attendants, 2 driver for deliveries
Equipment: 26 Electrolux washers & 26 dryers (all 9 years old) Accepts coins, cards, and tap-to-pay
Ownership: Absentee owned operation
Performance: +20% in 2024, +25% projected this year
Financing: No SBA or seller financing ONLY Laundromat-specific bank financing available (Must Have $350,000 Liquid)
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
Annual Financials:
Gross Revenue: $399,000
Adjusted NOI: $176,000
Annual Expenses:
Store Rent: $61,812.00
Advertising:$9,000.00
Insurance (Property + Liability + Workers + Shelterpoint): $6,400.00
Maintenance (Lint cleaning + Minor machine maintenance): $2,333.33
Electricity (ConEd): $19,409.33
Gas (National Grid): $13,090.67
Garbage: $2,556.00
Internet Charges: $2,727.96
POS Subscription: $2,388.00
Fees (Payment processor, chargebacks, bank, etc.): $10,529.33
Cost of Retail Items (Detergent, Softener, Pods, etc.):$8,733.33
Operations (Dry Cleaning, Detergent for WDF, etc.): $12,533.33
Gas (for Pick-Up & Delivery): $3,000.00
Phone Bill: $780.00
Employee Salary: $118,250.67
Business Highlights:
Revenue Breakdown: Self-Service: 45%, Pickup & Delivery: 35%, Drop-Off & Dry Cleaning: 20%
Upgraded Systems: New tankless boiler installed late 2023 & Drainage system upgraded Dec 2023 with stainless steel lint bucket
Lease Terms: 23 years remaining W/ 4% rent escalations every 2 years
Staffing: 2 full-time attendants, 2 driver for deliveries
Equipment: 26 Electrolux washers & 26 dryers (all 9 years old) Accepts coins, cards, and tap-to-pay
Ownership: Absentee owned operation
Performance: +20% in 2024, +25% projected this year
Financing: No SBA or seller financing ONLY Laundromat-specific bank financing available (Must Have $350,000 Liquid)
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
About the Business
Real Estate
- Owned or Leased
- Leased
- Rent
- $5,151.00 per month
About the Sale
- Seller Motivation
- Other business interests.
- Transition Support
- Yes.
- Financing Options
- Financing: No SBA or seller financing ONLY Laundromat-specific bank financing availab
Listing Info
- ID
- 2428517
- Listing Views
Listing ID: 2428517 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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