Coin Laundromat for sale in New York

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Business Description

Completely renovated coin laundromat located in East Harlem NY 30 washers 30 dryers all are manufactured by Dexter only three years old. Owner invested 850k between the build-out cost and the equipment 3 years ago. 43% self-service (owner picks up 2/3 customers a day), 43% wash & fold (owner picks up from 12 drop stores nearby as well as some residential customers) for pick up and delivery they charge $1.25lb regular wnf drop off is $1 per lb, 10% Dry Cleaning & 4% soap sales. Bank financing available for a qualified buyer with 35% down. Owner works the store six days a week from 7am-5pm as well as 4 ft employees & 1 pt employee Lots of the traffic busy intersection great demographics.

About the Business

Location:
New York County, New York
Year Established:
2016
Number of Employees:
4ft 1pt
Facilities:
1900 sqft laundromat in the heart of all the action. 12 years on the lease.
Market Outlook/
Competition:
There is competition in area but demographics warrant this service
Growth & Expansion:
Owner operator with more energy can expand into commercial accounts.
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About the Sale

Reason For Selling:
Seller looking to retire
Training/Support:
Seller will stay on to train

Listing Info

ID:
1647459
Ad Detail Views:
0
Asking Price:
$950,000

Gross Revenue:
$600,000
Cash Flow:
$245,125
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Listed by

DOUGLAS BODNER

Executive Business Brokers

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Sponsoring Broker:

Larry Bodner
Executive Business Brokers


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