Absentee Laundromat In Manhattan Netting $200,000 - Business for Sale
Request Information
The contact information for this deal is locked. If you wish to unlock this information, you need to upgrade to SMB Deal Hunter Pro.
🧺
Absentee-Run Laundromat in Upper Manhattan, NY
Manhattan, NY, US
Added 4 months ago
Laundromat and Wash & Fold Service
Absentee / Semi-Absentee
This is a 1,100 sq. ft. absentee-run laundromat with 36 card-operated machines located in Upper Manhattan, New York, offering self-service, wash & fold, delivery, soap sales, and ATM income.
Key Information
Asking
$975K
Revenue
–
Earnings
$220K
Multiple
4.4x
Key Highlights
- Business operates 100% absentee
- Located in Upper Manhattan, 1,100 sq. ft. plus basement
- Lease: $7,315.18/month with 11 years remaining and 3% annual increase
- 36 card machines (19 washers, 17 dryers); washers purchased refurbished a couple years ago, dryers approximately 4 years old
- 5 employees (3 part-time wash & fold, 2 delivery); payroll is mostly cash, 2 employees are 1099
- Annual expenses: $374,766 (Rent + R.E. Tax $87,782, Payroll $101,000, Utilities $77,000, Delivery $52,000, others itemized)
- Business established 27 years ago
- Pick up/delivery offered through Amazon
Contact Info
Unlock Premium Features
Get everything you need to find, finance, and acquire your business
Personalized Deal Flow
On and off market deals curated to your search criteria.
Unlimited 1:1 M&A Support
Expert advisors to help you spot red flags, negotiate your offer, and hand hold you all the way to close.
Pre-Vetted Deal Team
- * Intros to our preferred lenders
- * Access to our investor community
- * Discounted 3rd party Financial and Legal diligence