Established Profitable Queens Laundromat Favorable Lease Terms -No SBA - Business for Sale
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Queens Laundromat with Multiple Revenue Streams
Queens, NY, US
Added 1 month ago
Laundromat / Laundry Services
Absentee / Semi-Absentee
Laundromat in Queens, NY operating for over 30 years, offering self-service laundry, wash and fold, soap sales, and U-Haul commissions with a fully staffed team and limited owner involvement.
Key Information
Asking
$550K
Revenue
$328K
Earnings
$135K
Multiple
4.1x
Key Highlights
- Business has operated for more than 30 years
- Staff includes 1 full-time manager and 2 part-time employees
- Owner works approximately 3 days per week
- Lease is a new 10-year term with a 5-year renewal option at $3,200 per month
- Includes 40 Huebsch coin-operated machines (20 washers, 10 double stack dryers), approximately 6.5 years old
- No SBA or seller financing; financing available through a laundromat-specific lender with 40% down
Contact Info
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