Rare 4,000 Sq. Ft. Absentee Brooklyn Laundromat 97 Machines & Parking - Business for Sale
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Absentee-Run Laundromat with 97 Machines in Brooklyn, NY
Brooklyn, NY, US
Added today
Laundromat and Laundry Services
Absentee / Semi-Absentee
Absentee-owned laundromat in Brooklyn, NY operating in a 4,000 sq. ft. facility with 97 commercial laundry machines and customer parking, offering both self-service and wash and fold services.
Key Information
Asking
$1.7M
Revenue
$900K
Earnings
$318K
Multiple
5.3x
Key Highlights
- 4,000 sq. ft. laundromat located in Brooklyn, NY
- 97 commercial laundry machines: 77 are approximately 2 years old or newer, 20 are 15-20 years old
- Fully absentee ownership; business is managed by 1 manager and 4 additional employees
- 15 years remaining on the lease
- Payment breakdown: 54% card transactions, 46% cash transactions
- Annual operating expenses include: rent & water $264,000, National Grid $60,000, Con Edison $60,000, payroll $168,000, supplies/soap $18,000, repairs & maintenance $6,000, insurance $3,600, garbage $1,956
- No SBA financing available; financing may be available through laundromat-specific lenders with a minimum 40% down payment and $700,000 liquid required
Contact Info
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