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High Volume Laundromat

New York County, New York

Asking Price: Gross: Cash Flow:
$760,000 $494,000 $217,031

Business Summary:
Laundromat located on Broadway. In the heart of uptown NYC. Operates like a Mega size volume store but only takes up 1,500 sq. ft. Charges more per wash based on size of washers than other Laundromats within the 5 boroughs. No place to build. Huebsch (30 washers and 30 dryers). Long lease; 100% owner absentee. Buyer must qualify in order to be approved for loan through preferred lender. Breakdown: coins 50%, wash and fold 50%, dry cleaning 3%. For further information please contact Vito Mastromonaco at 908-851-9040 Ext. 285..

 
   
   
Year Business was Established: 2002
   
Number of Employees: 4  
   
Facilities / Terms of Lease: 1,500 sq. ft. and in good condition. 15 year lease available  
   
Competition: Several  
   
Owner willing to finance: Buyer must qualify in order to be approved for loan through preferred lender  
   
Owner willing to train: Two weeks  
   
Reason for selling: Commuting back and forth, outside USA  

 

 

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