Coin Laundromat - Business for Sale
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Coin Laundromat in East Harlem, NY
New York, NY, US
Added 1 month ago
Coin Laundromat
A coin laundromat in East Harlem, New York, offering self-service, wash & fold, dry cleaning, and soap sales.
Key Information
Asking
$950K
Revenue
$600K
Earnings
$245K
Multiple
3.9x
Key Highlights
- Business is located in East Harlem, New York, NY
- 30 Dexter washers and 30 Dexter dryers, all 3 years old
- Owner invested $850,000 in build-out and equipment 3 years ago
- Service mix: 43% self-service, 43% wash & fold (including pick up from 12 drop stores and residential customers), 10% dry cleaning, 4% soap sales
- Wash & fold pick up and delivery charged at $1.25/lb; drop off at $1/lb
- Owner works six days a week, 7am-5pm, with 4 full-time and 1 part-time employees
- Bank financing available with 35% down payment for qualified buyers
Contact Info
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