Profitable Queens Laundromat With Favorable Lease Terms For Sale - Business for Sale
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Queens Laundromat with Multiple Revenue Streams
Queens, NY, US
Added today
Laundromat / Laundry Services
Established laundromat in Queens, NY offering self-service laundry, wash and fold, soap sales, and U Haul commissions, operating for over 30 years with a fully staffed team and limited owner involvement.
Key Information
Asking
$575K
Revenue
$385K
Earnings
$166K
Multiple
3.5x
Key Highlights
- Business has been established for more than 30 years
- Lease is $3,200 per month with a new 10-year term and 5-year renewal option
- Staff includes 1 full-time manager and 2 part-time employees
- Owner works approximately 3 days per week
- Equipped with 40 Huebsch coin operated machines (20 washers, 10 double stack dryers), approximately 6.5 years old
- Financing available through a laundromat-specific lender with 40% down; no SBA or seller financing
Contact Info
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