Many Laundromats have good profits but need new equipment & remodeling which is expensive. This store is remodeled and has newer equipment (about 6-8 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.

Well appointed store in busy section of Williamsburg section of Brooklyn with plenty of parking.

Store just invested over $30,000 installing Laundroworks on all machines. This offers state of the art reporting that tracks cash & cards at each machine.

Store has been here over 30 years and current owner has had it for 1 year. She didn't understand how much time was needed at store. This is the problem, as she can only spend 2-3 hours at the store each week.

Approx 1400 sq ft for $6,755 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 substantially more than the $150,000 list price invested in the store.

The store is run fully attended with 3 person staff covering all hours. Owner comes in about once a week for 1-2 hours to collect cash. Great staff IN PLACE to build wash & fold business.

22 Washers & 22 dryers which are 6-8 years old. 16 are 2 years old.

A store like this with infrastructure (plumbing, heating, gas, sewer) and new equipment would be substantially more than $150,000 to build. Everything is done so all you have to do is focus on building sales.

Store is at a loss if you run the same way the owner does. It's closer to breakeven if you run as unattended but the value in this store is utilizing the existing staff and building wash & fold as well as PUD business.


List Price = $150,000 FIRM
CASH offers Only.
No Seller, SBA or bank financing.