Business Summary:
Completely renovated coin laundromat located in East Harlem NY 30 washer 30 dryers all are manufactured Dexter only three years old.Owner invested 850k between the build-out cost and the equipment 3 years ago. 43% self-serivce (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.
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| Year
Business was Established: 3 |
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| Number of Employees:
4ft/1pt |
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| Facilities / Terms of Lease:
1900 sqft laundromat in the heart of all the action. 12 years left on lease. |
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| Potential
Growth/Expansion:
Owner operator with more energy can expand into commercial accounts. |
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| Competition:
There is competition in area but demographics warrant their service. |
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| Owner
willing to finance:
Bank financing available for qualified buyer with 35% down payable over 8yr @ 8.5% interest |
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| Owner
willing to train:
Seller will stay on to train |
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| Reason for selling:
Seller looking to retire |
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