Newly Renovated Absentee Card Laundromat For Sale - Long Lease

Asking Price$999,999

Cash Flow
$176,216
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$499,196

InventoryNot Disclosed

FF&ENot Disclosed

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Newly Renovated Absentee Card Laundromat For Sale - Long Lease


Asking Price$999,999

Cash Flow
$176,216
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$499,196

InventoryNot Disclosed

FF&ENot Disclosed

Business Description
• Prime Location: Located on a high-visibility main street in the Bronx, surrounded by dense residential buildings, including apartments directly above the laundromat

• Established: Laundromat first opened in November 2023 and has saw rising sales since.

• Absentee Ownership: Fully absentee-run, with the owner visiting only 1–2 times per week for oversight.

• Secure Lease: 12-year lease with (1) 5-year option to extend.

• Modern Equipment: Outfitted with Speed Queen machines (32 washers, 32 dryers), a year old and in excellent condition.

• Advanced Payment System: High-tech card Laundroworks system in place, enhancing customer convenience and operational control.

• Spacious Facility: Approximately 2,100 facility with a 970 SQ FT full basement.

• Diverse Revenue Streams: Revenue is generated through a balanced mix of services, including:
Self-Service: 65%
Wash & Fold: 30%
Soap Sales: 5%

• Staff in Place: Operated by a team of 3 employees, ensuring smooth day-to-day operations.

• Operating Hours: Open daily from 7:00 AM to 10:00 PM, offering convenient access for customers.

• Financing Options: NO SBA Financing or Seller Financing. Laundromat bank financing available, buyer must have 35-40% down payment or all cash deal.

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
About the Business
Number of Employees
3
Facilities & Assets
Outfitted with Speed Queen machines (32 washers, 32 dryers), a year old and in excellent condition.
Real Estate
Owned or Leased
Leased
Rent
$8,240.00 per month
Listing Info
ID
2410938
Listing Views
34

Contact Seller

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Listing ID: 2410938 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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