Absentee Laundromat In Manhattan Netting $285,000 - Business for Sale
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Absentee-Run Laundromat in Manhattan, NY
Manhattan, NY, US
Added 8 months ago
Laundromat and Laundry Services
Absentee / Semi-Absentee
This business is a 100% absentee-operated laundromat located in Upper Manhattan, New York, offering self-service laundry, wash & fold, soap sales, and delivery services.
Key Information
Asking
$1.1M
Revenue
–
Earnings
$280K
Multiple
4.1x
Key Highlights
- Annual expenses: $374,766
- Business operates 100% absentee
- 27 years established
- 36 card machines (19 washers, 17 dryers)
- Lease: $7,315.18/month with 11 years remaining and 3% annual increase; $20,000 security deposit
- Premises: 1,100 sq. ft. plus basement (basement used for personal use)
- Employees: 5 total (3 part-time wash & fold, 2 delivery); payroll is mostly cash, 2 employees are 1099
- Washers purchased refurbished a couple years ago; dryers approximately 4 years old (Ipso washers, Huebsh dryers, 1 Speed Queen dryer)
- Business offers pick up/delivery through Amazon
Contact Info
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