Many Laundromats have good profits but need new equipment & remodeling which is expensive. This store is remodeled and has all new equipment (about 2 years old) but is lacking the profits. 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 nice busy city of Ulster County, NY.

EVERYTHING IS NEW - 2 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 TV's.

Store was recently opened 2 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 next owner.

Seller has invested substantial monies int o 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 substantial investment. Everything is done so all you have to do is focus on building sales.

List Price = $375,000
CASH offers Only.
No Seller, SBA or bank financing..