Rare, 4,000 Sq. Ft. Absentee Laundromat With Parking (No SBA) For Sale - Business for Sale
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Absentee-Run Laundromat with 97 Machines in Brooklyn, NY
Brooklyn, NY, US
Added today
Laundromat / Laundry Services
Absentee / Semi-Absentee
Absentee-owned laundromat in Brooklyn, NY operating from a 4,000 sq. ft. facility with 97 machines, customer parking, and both self-service and wash and fold revenue streams.
Key Information
Asking
$1.7M
Revenue
$900K
Earnings
$318K
Multiple
5.3x
Key Highlights
- 4,000 sq. ft. laundromat located in Brooklyn, NY with customer parking
- 97 commercial laundry machines: 77 are approximately 2 years old or newer, 20 are 15-20 years old
- Fully integrated card payment system; payment breakdown is approximately 54% card and 46% cash
- Business operates under 100% absentee ownership with 1 manager and 4 employees
- Lease has 15 years remaining
- No SBA financing available; alternative financing may require 40% down and $700,000 liquid assets
Contact Info
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