Absentee Established Self-Service Laundromat Asset-Sale Value-Add Opportunity

HS Listing ID-72239 Asking Price: $170,000 Annual Figures: Gross: $57,658 Annual Expenses: Rent/Water: $26,400 ($2,200/Monthly) Electric: $5,737.12 Gas: $4,228.28 Internet: $1,283.86 Repairs: $1,118.19 Business Highlights • Fully self-service, coin-operated laundromat requiring no employees, creating an excellent absentee ownership opportunity • Current owner works full time in New York City and is not involved in the day-to-day operation of the business • Family member is typically on site Monday through Friday. Any wash and fold services performed are operated independently and are not included in the laundromat’s revenue, generating approximately $500 per month for the family member • Strong value-add opportunity to introduce wash and fold, pickup and delivery, dry cleaning, and commercial laundry services to significantly increase revenue • Approximately 6 years remaining on the current lease. Landlord is open to offering a new extended lease to a qualified buyer • Equipment includes: – Dryers: ADC – Washers: Speed Queen & Fagor • Coin dispenser installed in 2022 • Vending machine installed approximately 2 years ago • Fully coin-operated equipment with the following pricing: • Seller is pursuing other real estate ventures and no longer has the time to actively oversee the business Growth Opportunities • Add a full service wash and fold operation • Launch pickup and delivery services to create recurring revenue • Introduce dry cleaning drop-off services through a third party partner • Develop commercial laundry accounts with local businesses, salons, spas, gyms, restaurants, Airbnb hosts, and medical offices • Increase ancillary income by expanding vending offerings and retail detergent sales • Upgrade to a hybrid coin and card payment system to enhance customer convenience and increase revenue potential A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION