Absentee & High Volume Laundromat- Excellent Profit - Bronx, NY $450K - Business for Sale
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Absentee-Run Coin Laundromat in Bronx, NY
Bronx, NY, US
Added today
Laundromat / Laundry Services
Absentee / Semi-Absentee
Coin-operated laundromat in the Bronx, NY, operating from a 1,400 sq ft location with 32 washers and 34 dryers, managed by three employees and run absentee by the owner.
Key Information
Asking
$450K
Revenue
$400K
Earnings
$177K
Multiple
2.5x
Key Highlights
- Annual net income is $177,000
- Laundromat is coin operated and absentee run
- Business has 3 employees (2 full-time, 1 part-time)
- Lease has 3 years remaining with potential extension to 10 years
- Rent is $5,476 per month
- Store size is approximately 1,400 sq ft
- 32 washers and 34 dryers, all about 11-12 years old
- Self-serve coin op brings in about $6,500 per week; wash & fold brings in about $5,200 per week at $1.50 per pound
- Seller has owned the business for 14 years
Contact Info
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