Hot Listing

Starter Laundromat - Great Entry Price- Yonkers, NY $79,000

Asking Price$79,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$100,000

InventoryNot Disclosed

FF&ENot Disclosed

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Hot Listing

Starter Laundromat - Great Entry Price- Yonkers, NY $79,000


Asking Price$79,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$100,000

InventoryNot Disclosed

FF&ENot Disclosed

Business Description
Great starter laundromat that has been in place for over 25 years.

Rent is 3500 for approx. 1000 sq ft. Has office and bathroom.

Store is run mostly unattended and has auto lock doors and lights. It is only attended 28 hours a week for 4 days and 7 hours each day.

Store is currently at breakeven with partially attended model but showing profits of $18,000 if convert to unattended as wash & fold has low volume since the store is 75% unattended.

Value of this store is in infrastructure (gas, electric & plumbing).

Great opportunity for retool.

Barely doing any wash & fold since store is only staffed 28 hours a week. Wash & Fold would be ideal for this area but you would need to expand hours. Offering PUD through Door Dash & Uber through one of the POS Systems would be ideal too.

Machine prices are very low and room to increase.

Busy plaza located off main road.

18 Dryers & 16 washers ranging from 15-25 years old.

Great entry level laundromat with potential to build wash & fold revenue.

$79,000 Slightly Negtotiable
Cash Offers Only

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BROKER's NOTE ON ABSENTEE: This store is run absentee but as a former laundromat owner and broker who does 20 plus laundromats a year, the more time you spend at a store and manage it, the better. Most times when you see absentee, it just means that the owner has no set hours working the store, BUT, they need to be there weekly checking inventory, collecting cash, checking on maintenance, reviewing operations, managing work flow, managing staff, etc. Thus, you should always plan and on being at any store, even if marketed as "Absentee" for 10-15 hours a week minimum. Just my 2 cents but there is so much misleading info on laundromats in Social Media today. I tell all of my clients, "Laundromats are always more work than you think." Great business but if time is a concern, it may not be right for you.
About the Business
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
1,000
Rent
$3,500.00 per month
Listing Info
ID
2466730
Listing Views
92

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Business Listed by: John M. Bedosky JB & Associates

Listing ID: 2466730 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.