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Laundry & Dry Cleaners

Bronx County, New York

Asking Price: Gross: Cash Flow:
$375,000 $312,000 $112,376

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

Inventory Value:
$0 (included in the asking price)

Business Summary:
Long time Laundromat located in densely populated commercial area of the Bronx. Equipment consists of 22 washers (11-18 lb., 7-35 lb., 4-35 lb.), 18 dryers (all new) Wascomats, breakdown of income weekly 4,000 coin - drop off 1,000, dry cleaning 1,000. Can use more internal area for all 3 sources of income. Store can possibly by expanded. Store always busy and can do business 24 hours Mon-Thurs also. For further information please contact Vito Mastromonaco at 908-851-9040 Ext. 285.

 
   
   
Year Business was Established: 1992
   
Number of Employees: 6  
   
Facilities / Terms of Lease: 1,680 sq. ft. of continual business every open hour good lease with option. Rent goes up 2% a year. Street parking in area is always available. Can expand if area became available.  
   
Potential Growth/Expansion: Open 24 hours 7 days a week plus changing interior to get more equipment inside, all revenues would increase  
   
Competition: Area is flooded with inhabitants – there is enough business for any Laundromat that opens. Can use more in area  
   
Owner willing to finance: Owner would accept payment of $325,000 plus note on dryers to be assumed by new owners  
   
Owner willing to train: Two weeks  
   
Reason for selling: Retirement  
 

 

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