MergerPlace

Coin Laundromat for sale in New York

New York (New York)


  • Asking Price: $950,000
  • Gross Income: $600,000
  • Cash Flow: $245,125
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #214775
  • Established: 3
  • Employees: 4ft 1pt

Business Description

Completely renovated coin laundromat located in East Harlem NY 30 washers 30 dryers all are manufactures by Dexter only three years old. Owner invested 850k between the build-out cost and the equipment 3 years ago. 43% self-service (owner picks up 2/3 customers a day), 43% wash & fold (owner picks up from 12 drop stores nearby as well as some residential customers) for pick up and delivery they charge $1.25lb regular wnf drop off is $1 per lb, 10% dry cleaning & 4% soap sales. Bank financing available for a qualified buyer with 35% down. Owner works the store six days a week from 7am-5pm as well as 4 ft employees & 1 pt employee. Lots of the traffic busy intersection great demographics.


Business Details

Primary Business Category: Services - Other Services
Location: New York
County: New York

Company Information

Year Established: 3
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4ft 1pt

Financial Information

Asking Price: $950,000
Gross Revenue: $600,000
Cash Flow: $245,125
Seller Financing Available: No

Property Information

Growth & expansion opportunities:

Owner operator with more energy can expand into commercial accounts.

Competition:

There is competition in area bu demographics warrant this service.

Reason for selling:

Seller looking to retire

Support & Training:

Seller will stay on to train

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Larry Bodner

Executive Business Brokers