Coin Laundromat

Bronx County, NY

Coin Laundromat

Asking Price:$540,000

Cash Flow:$155,460

Gross Revenue:$457,800





*not included in asking price.

Coin Laundromat

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Business Description

True absentee ownership Laundromat 2 full time & 3 part time employees. Seller visits the store once a week for collections there's 13 years remaining on the lease with 3% annual increases. 87% coin revenue, 6% drop off service, 6% soap sales 1% vending. Won't last seller can back into all figures represented!! An owner operator can easily net 160k+. 44 washers & 40 dryers all Wascomat. 14 year old equipment. This is a coin operated store.

Detailed Information

Not included in asking price
3500 sq. ft. laundromat in great location 44 washers and 40 dryers all Wascomats, 14 years old.
Growth & Expansion:
This is a true absentee run laundromat the WnF business is untapped. You can bring the revenues up to 25% of gross sales. Also an owner operator can net $160K+
Support & Training:
2 weeks training
Reason for Selling:
Seller looking to diversify

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Larry Bodner

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