Profitable Queens Laundromat With Favorable Lease Terms For Sale - Business for Sale
Request Information
The contact information for this deal is locked. If you wish to unlock this information, you need to upgrade to SMB Deal Hunter Pro.
🧺
Queens Laundromat with Multiple Revenue Streams
Queens, NY, US
Added 1 month ago
Laundromat and Laundry Services
Laundromat in Queens, NY offering self-service, wash and fold, soap sales, and U Haul commissions, operating for over 30 years with a fully staffed team and a new 10-year lease.
Key Information
Asking
$550K
Revenue
$328K
Earnings
$135K
Multiple
4.1x
Key Highlights
- Business established for more than 30 years
- Staffing 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, approved for a qualified buyer
- Assets include 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
- Reason for sale: relocating out of state and other business ventures
Contact Info
Unlock Premium Features
Get everything you need to find, finance, and acquire your business
Personalized Deal Flow
On and off market deals curated to your search criteria.
Unlimited 1:1 M&A Support
Expert advisors to help you spot red flags, negotiate your offer, and hand hold you all the way to close.
Pre-Vetted Deal Team
- * Intros to our preferred lenders
- * Access to our investor community
- * Discounted 3rd party Financial and Legal diligence