Great Opportunity to own an affordable, growing laundromat with lots of potential.

Store is located in well appointed in a well-maintained plaza on a busy road in Nassau County near Bellmore.

It's about 1100 sq. ft. with rent of $3600 and 8 years left on lease.

19 washers & 19 Dryers approx. 10-15 years old.

This store is currently run fully attended. The store is open approximately 80 hours a week and staffed by one employee for 50 hours and the seller currently covers the other 25 hours.

PLEASE NOTE: That we increased the hours of employee to 67 hours a week and increased hourly pay to calculate a TRUE net profit even though the seller doesn't pay anywhere near this per hour so the CURRENT net profit of $42,000 is UNDERSTATED & LOWER than the actual. However, we wanted to build in more realistic hours and pay rates for the next buyer.

REVENUE BREAKDOWN:
1) Drop OFF Wash & Fold - The store does about 1100 pounds per week and growing.

2) PUD (Pick-Up & Delivery) - The seller currently does pick-up and delivery himself of approx. 700 pounds a week using an app system at a fixed rate.

However, you might want to consider dropping this system since rates are fixed by the company and building up your own PUD route as they have a POS system that will integrate and set up UBER or Door Dash to do the pick up and delivery for you by adding to the price THAT YOU SET. But you can't use the POS with Uber & Door Dash on the app system they currently use. Broker ill explain better via phone.

3) Self-Serve - The store does about $650 a week in self-serve. All coins.

The owner realized the store required more time than he thought and this is why he is selling. Some things we recommended to him and the next buyer are to shorten hours as self-serve revenue of $650 week does not support or justify being open almost 12 hours a day. We also recommend installing auto-lock doors so some of the hours can be unattended. This will cut unnecessary payroll hours and increase profits.

There is nothing to do with this store but come in and manage and continue to build sales. Sales have been steadily growing each month..

$137,000 FIRM
CASH OFFERS ONLY- NO FINANCING