Laundromat 60/60 Queens NY.

Richmond Hill, NY (Queens County)

Seller Financing Available
Laundromat 60/60 Queens NY.

Asking Price:$575,000

Cash Flow:$129,000

Gross Revenue:$493,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Lease Rate/Sq. Ft.:$28.50

Established:2004

Laundromat 60/60 Queens NY.

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Business Description

An established laundromat with high visibility on the main shopping street in the area.
Dry cleaning and wash & fold are increasing each year.
can do pickup & delivery route.
Solid steady income and semi-absentee owner operated.
Not many laundromats of this size and excellent condition are available.
Sign and send the attached NDA for more information.
brian@elbrokerage.com
F: 201-568=5401
T: 917-834-4063

Attached Documents


Detailed Information

Real Estate:
Leased
Building SF:
4,000
Lease Expiration:
12/31/2026
Employees:
8 part-time
Facilities:
4,000 SF store with 10+ garage parking next door. 60 IPSO washers and 60 IPSO dryers. Excellent condition. Card system. $9,500/month including real estate taxes with 3% increases..
Competition:
Largest laundromat in the area. Always busy. High traffic dense residential neighborhood.
Growth & Expansion:
Currently sales are 50% washers (coin) and 25% wash & fold and 25% dry cleaning. Additional revenue from soap and vending. Store does NO advertising.
Financing:
Limited Seller Financing To Qualified Buyer.
Support & Training:
Owner will transition
Reason for Selling:
Retiring to Florida

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Brian Elkin

Business Listed By:
Brian Elkin

Elkin & Lee Business & Realty Advisors

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