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Posted: Thursday, February 22, 2018 3:56 PM


NYC Laundromat & Drop-Off Dry Cleaners

Business Description: This well-established, 1,200 sq. ft. absentee-run, coin-operated laundromat and drop-off dry cleaners.
Located in a safe UWS Manhattan neighborhood. This business can now be purchased for just 3.3 times what the
owner annually pockets. There are 10 years left on the lease, and the rent escalates at just 3%, annually. Equipment is
middle-aged and very well-maintained. It consists of 5 IPSO Washers (2 - 55 lbs. and 3 - 40 lbs.), 13 Huebsch Washers
(2 large and 11 smaller), and 16 double-stacked ADC Dryers.
Coin self-service accounts for 35% of sales, wash & fold for 53%, drop-off dry cleaning, 9%, and soap sales- 3%.
Four F/T employees share wash and fold responsibilities, and keep an eye on things for the owner. Should you decide to be
more hands-on, you can make more money by saving on some payroll. It is rare to find a well-established laundromat like this
in Manhattan. Ten years left on the lease, asking just 3.3 times what the owner pockets.
Open 7am - midnight, 7 days/week. Do be very discreet when visiting the location, as the employees and customers do not
know it is for sale. Kindly then contact listing broker Jay Goldman, should you have any questions, and would like to make an
appointment to speak with the owner.
Please call 1-877-735-5224 for further information.

Asking Price: $449,000.00

Gross Revenue: $491,484.00

Owner's Cash Flow: $136,404.00

Down Payment: $449,000.00

For more information, contact Vested Business Brokers at 1(877) 7355224.

We have over 3,700 businesses for sale, many with owner financing. Visit our site today to find the business that's right for you.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.

• Location: Manhattan, New York County

• Post ID: 160391232 manhattan

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