Listing ID: 37803

Business Overview

Opportunity to own a successful, established laundromat in the bustling heart of the Bronx, New York.

Set in a heavy foot-traffic location, it is surrounded by numerous businesses, apartment buildings, and giant housing co-ops, ensuring a constant flow of customers.

A major bus stop is conveniently located right at the doorstep, enabling easy access for all.

Enjoy exclusivity with little to no competition in the vicinity.

The 2,000 sq ft space comes with a secure 10-year lease, plus a 5-year option.

The property is part of a strip plaza with ample parking available for customers.

The laundromat houses 80 new, 3-year-old Dexter Machines (40 washers, 40 dryers).

The business currently operates under a semi-absentee owner, with a reliable staff of three (2 full-time, 1 part-time).

The business offers great value-add opportunities.

Currently, no ATM or vending machines are in place, providing scope for extra revenue.

Further growth can be realized through extended operating hours, the inclusion of credit card payment, and initiating advertising efforts.

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

Business Owners: We represent qualified clients that are very interested in buying all types of businesses. If you have any interest in selling your business at this time or in the near future please contact me at info@hedgestone.com. Our buyers are already qualified and willing to invest their time and money toward a business like yours. All communications are kept STRICTLY CONFIDENTIAL.

CONSENT TO TEXT MESSAGING: By entering your mobile phone number, you expressly consent to receive text messages from Hedgestone Business Advisors. Message and Data rates may apply.

FOR INTERESTED PARTIES PLEASE CALL US AT (561) 593-3711

Financial

  • Asking Price: $1,150,000
  • Cash Flow: $190,000
  • Gross Revenue: $476,515
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: No
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Lease
  • Property Included:N/A
  • Building Square Footage:2,000
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Opportunity to own a successful, established laundromat in the bustling heart of the Bronx, New York.

Is Support & Training Included:

Yes.

Purpose For Selling:

Other business interests.

Competition:

Enjoy exclusivity with little to no competition in the vicinity. The 2,000 sq ft space comes with a secure 10-year lease, plus a 5-year option.

Opportunities and Growth:

Currently, no ATM or vending machines are in place, providing scope for extra revenue. Further growth can be realized through extended operating hours, the inclusion of credit card payment, and initiating advertising efforts.