Established Profitable Queens Laundromat Favorable Lease Terms -No SBA - Business for Sale
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Established Laundromat with Multiple Revenue Streams in Queens, NY
Queens, NY, US
Added today
Laundromat and Laundry Services
This business is a laundromat in Queens, NY, operating for over 30 years and offering self-service laundry, wash and fold, soap sales, and U Haul commission services.
Key Information
Asking
$575K
Revenue
$385K
Earnings
$166K
Multiple
3.5x
Key Highlights
- Business has been serving the local community for more than 30 years
- Staff includes 1 full-time manager and 2 part-time employees
- Owner works approximately 3 days per week
- Lease: 10 years with a 5-year renewal option at $3,200/month
- 40 Huebsch coin-operated machines (20 washers, 10 double stack dryers), approximately 6.5 years old
- Clean financial records available, including P&L and POS reporting
- Financing available through a laundromat-specific lender with 40% down; no SBA or seller financing
Contact Info
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