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Laundromat Queens

 

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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