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NYC Uptown Laundromat

New York County, New Jersey

Asking Price: Gross: Cash Flow:
$450,000 $384,800 $144,280

Furniture and Fixtures Value:
$100,000 (included in the asking price)

Inventory Value:
$500 ( not included in the asking price)

Business Summary:
Located in NYC Laundromat in extremely safe upper west side area of Manhattan. Over populated with many apartment buildings. This Laundromat is run completely absentee. This is a down fall as it needs an owner operator to bring it to the next level. Laundromat although tight can use more help. 33 machines, 19 washers, 14 dryers all coin operated Huebsch. Open 7:00am to 10:00pm daily. Can stay open 24 hours. 11 year NYC lease rare. Offers dry cleaning service. For further information, please contact Vito Mastromonaco at 908-851-9040 Ext 285

 
   
   
Year Business was Established: 1986
   
Facilities / Terms of Lease: 1000sq.ft of activity. Street parking, good lease for NYC 11 years. 33 Huebsch machines. Busy at all times  
   
Potential Growth/Expansion: Possibility of purchasing building and opening for 24 hours. It would do business during this time.  
   
Competition: In Manhattan you can find at least one Laundromat on every square block. This square has one and this is the one.  
   
Owner willing to train: Two weeks  
   
Reason for selling: Owner selling off all his Laundromats  
 

 

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