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Profitable Astoria Laundromat Newly Renovated NY

Queens, NY, USA
Listed 115 days ago

HS Listing ID-71850 A profitable, newly renovated community staple with 25 years of operation history and growing monthly revenue. Ideal for an owner operator. The Business was purchased in November 2022 by the current owners who have grown the gross income but have produced lower Profit due to being overstaffed and closed a lot. Huge opportunity for an owner operator to cut staff and extend hours for increased profits. Currently Grossing $150k per year in revenue. Prime location in Astoria, a densely populated area with strong demand for laundry services. Rent: $4,500/month WASHERS- 14 Huebsch HCMX20U6001 machines Capacity range: 20-40 lbs Quarter-operated Equipment value: $30K-$40K DRYERS- 14 Huebsch HTT45NBCG2GW01 units 45 lb capacity (stacked) Quarter-operated Equipment value: $35K-$45K A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

Real Estate

Lease

Support & Training

Yes.

Reason for Selling

Other business interests.

Financials

Asking Price
$300K
RevenueMost Recent Year
$150K
EarningsLast Reported
Undisclosed
Assets Value
Undisclosed
Seller Financing
Not available

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