Profitable Laundromat for Sale
Business Description
ESTABLISHED LAUNDROMAT FOR SALE - MOUNT VERNON, NY
This well-established laundromat presents an exceptional opportunity for investors seeking a stable, cash-generating business in Westchester County's Mount Vernon market. Operating successfully since 2017, this high-traffic facility has built a solid reputation and loyal customer base over seven years of continuous operation.
BUSINESS OVERVIEW:
The laundromat features 25 washers and 26 stack dryers, providing ample capacity to serve the busy local market. The facility maintains high cleanliness standards and attracts consistent customer traffic throughout operating hours. Currently operated as an absentee-owned business, this presents an excellent opportunity for hands-on owners to potentially increase profitability or for investors seeking passive income.
FINANCIAL PERFORMANCE:
- Annual Revenue: $327,000
- Seller's Discretionary Earnings: $410,000
- Asking Price: $450,000
- Strong cash flow generation with proven revenue history
The business demonstrates solid financial performance with substantial cash flow that exceeds annual revenue, indicating efficient operations and strong profit margins typical of well-managed coin laundry operations.
LOCATION ADVANTAGES:
Situated in Mount Vernon, Westchester County, the laundromat benefits from a densely populated area with consistent demand for laundry services. The location generates high foot traffic, contributing to steady revenue streams.
OWNER TRANSITION:
The current owner is selling due to retirement after successfully building and maintaining this profitable operation. This represents a turnkey opportunity for the right buyer to acquire an established business with proven systems and customer loyalty.
INVESTMENT HIGHLIGHTS:
- Established 7-year operating history
- High-traffic location in Westchester County
- Substantial equipment base (51 total units)
- Absentee ownership model proven successful
- Strong cash flow and profit margins
- Retirement sale presents acquisition opportunity
This laundromat offers investors a stable, recession-resistant business model in the essential services sector with demonstrated profitability and growth potential in a strong demographic market.
This well-established laundromat presents an exceptional opportunity for investors seeking a stable, cash-generating business in Westchester County's Mount Vernon market. Operating successfully since 2017, this high-traffic facility has built a solid reputation and loyal customer base over seven years of continuous operation.
BUSINESS OVERVIEW:
The laundromat features 25 washers and 26 stack dryers, providing ample capacity to serve the busy local market. The facility maintains high cleanliness standards and attracts consistent customer traffic throughout operating hours. Currently operated as an absentee-owned business, this presents an excellent opportunity for hands-on owners to potentially increase profitability or for investors seeking passive income.
FINANCIAL PERFORMANCE:
- Annual Revenue: $327,000
- Seller's Discretionary Earnings: $410,000
- Asking Price: $450,000
- Strong cash flow generation with proven revenue history
The business demonstrates solid financial performance with substantial cash flow that exceeds annual revenue, indicating efficient operations and strong profit margins typical of well-managed coin laundry operations.
LOCATION ADVANTAGES:
Situated in Mount Vernon, Westchester County, the laundromat benefits from a densely populated area with consistent demand for laundry services. The location generates high foot traffic, contributing to steady revenue streams.
OWNER TRANSITION:
The current owner is selling due to retirement after successfully building and maintaining this profitable operation. This represents a turnkey opportunity for the right buyer to acquire an established business with proven systems and customer loyalty.
INVESTMENT HIGHLIGHTS:
- Established 7-year operating history
- High-traffic location in Westchester County
- Substantial equipment base (51 total units)
- Absentee ownership model proven successful
- Strong cash flow and profit margins
- Retirement sale presents acquisition opportunity
This laundromat offers investors a stable, recession-resistant business model in the essential services sector with demonstrated profitability and growth potential in a strong demographic market.
About the Business
- Years in Operation
- 9
- Employees
- 3 (2 Full-time, 1 Part-time)
- Facilities & Assets
- Newly constructed in 2017 with 25 washers, 26 stack dryers, solar & fuel cell assisted. Delivery van, Burglar and fire monitoring system. Hard wired carbon & smoke detectors, central ac & heating system (2 zones). Surveillance cameras, panic buttons, pos laundry system. Vending machines, 2 new boilers, 1 bill breaker, 2 change machines, 5 flat screen tvs, small fridge & microwave.
- Website
- https://www.chamberofcommerce.com/business-directory/new-york/mount-vernon/laund
About the Sale
- Seller Motivation
- Retirement.
Listing Info
- ID
- 2474356
- Listing Views
- 122
Business Location
Listing ID: 2474356 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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