Profitable Laundromat For Sale In Queens
Asking Price - $875,000
Cash Flow - $175,000
Gross Revenue - $490,000
EBITDA - NA
FF&E - $400,000
Inventory - $200
Established - 2000
Business Description
Well-established Semi-Absentee High Traffic Laundromat Established/Operating for over 25 years. This is what you have been looking for… EASY to operate, Neighborhood Favorite, HIGHLY profitable, business operates on AUTO PILOT. Located in a great neighborhood in Queens County, New York. This store is a large LAUNDRY CENTER with 2,000 square feet and plenty of easily accessible parking, with an excellent long-term lease. The business is impressive as it is well maintained with a sparkling appearance and all equipment is high quality and in excellent condition. There is tremendous potential to expand the business as there are lots of commercial businesses in the area as well as many residential apartments nearby. They have plenty of machines and space to handle major commercial laundry accounts. They currently offer pick-up and delivery service. This sleeping giant earns tremendous profits for the owner while operating the business almost 98% ABSENTEE. This business has excellent books and records.
Ad#:2313218
Detailed Information
Location - Howard Beach, NY
Inventory - Included in asking price
Employees - 6
Furniture, Fixtures, & Equipment (FF&E) - Included in asking price
Facilities - 2000 sq.ft. Plenty of parking. Landlord will provide new 15 year lease.
Competition - Prime Location, Captive audience, No competition
Growth & Expansion - With more advertising sales can increase substantially
Support & Training - Seller Will Train For 2 Weeks
Reason for Selling - Retiring
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