Business Description

This is an established, owner-operated coin-operated laundromat located in a residential area of Binghamton, NY. The business operates with a simple, low-overhead model and requires no employees, making it ideal for an owner-operator seeking steady cash flow with minimal operational complexity.

The laundromat features a spacious layout, modern equipment, and an additional wash & fold service that provides incremental revenue. The business is well-maintained and positioned for a smooth transition.

Key Highlights

Coin-operated laundromat

Owner-operated with no payroll

Annual gross revenue of approximately $150,000

Net income of approximately $35,000–$40,000

Mix of self-service and wash & fold

High percentage of newer Speed Queen equipment

Large footprint (~4,000 sq. ft.)

Located in a stable residential neighborhood

Operations & Equipment

Approximately 14 washers and 21 dryers

Majority of equipment is newer and well-maintained

Clean, functional layout with low maintenance requirements

Lease

Monthly rent: ~$3,500

Lease in place

Reasonable occupancy cost relative to space size

Reason for Sale

Owner is relocating and moving out of state.

Confidential sale. Additional details available upon inquiry and buyer qualification.