High Traffic location in Flushing Queens.

Owner has owned store 4 years but works out of state so wife helps maintain locally, but the store has been in family over 30 years.

Well appointed store in well maintained building on excellent street surrounded by multi family homes and apartments.

Very Busy store doing approx. $5,000 week in self serve plus $1,000-$1,500 week in WDF. Total revenue is approx. $29,000 monthly.

Coin Operated Store.

3 Attendants cover al hours (1 FT and 2 PT).

1,000 sq ft plus basement for storage, Landlord will do a new 10 year lease. Please note that landlord requires 3 months security deposit.

New Buyer might want to consider and look into auto-lock door and gates.

36 Total Machines: 18 Washers & 18 Dryers approx. 20-25 year sold.

Great opportunity to slowly update equipment or build wash & fold with current staff hours. New owner can also look into running a semi attended model and save on the $6,000 monthly payroll.

List Price = $399,000
Cash Offers or Home Equity Loans Only
No Seller, Bank or Seller Financing.
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BROKER'S NOTE ON ABSENTEE: This store is truly 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.