Hot Listing

Forest Hills - Brand New Turnkey Laundromat – Completely Built Out & R

Asking Price$650,000

Cash Flow

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

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Hot Listing

Forest Hills - Brand New Turnkey Laundromat – Completely Built Out & R


Asking Price$650,000

Cash Flow

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Business Description
Turnkey Brand-New Laundromat in Forest Hills, Queens

This exceptional opportunity presents a completely built-out, modern laundromat in the desirable Forest Hills neighborhood. Established in 2025, this brand-new facility requires zero additional investment or downtime - simply walk in and start operations.

Facility Features:
• 800 sq ft professionally designed space
• 17 brand-new washers and 14 dryers
• Modern card-system technology (no coin handling)
• All-new counters, flooring, lighting, plumbing, and electrical
• Optimal layout designed for wash & fold and pickup/drop-off services

Financial Performance:
• Annual Cash Flow: $368,000
• Monthly Lease: $5,000
• Lease Term: Expires July 2040 (15+ years remaining)
• FF&E Value: $240,000 (included in asking price)
• Equipment financing available for qualified buyers

Market Advantages:
Located in Queens' dense residential area with strong laundry demand driven by working-class families, students, and renters without in-unit laundry. Forest Hills attracts middle-income demographics creating consistent customer flow. The area shows growing demand for premium services like wash & fold and pickup/drop-off, offering higher-margin revenue opportunities.

Growth Potential:
Currently operated by absentee owner with minimal hands-on management. Significant untapped opportunities include:
• Corporate client development
• Enhanced pickup/drop-off services
• Wash & fold expansion
• Monthly revenue growth trend already established

This plug-and-play operation eliminates typical startup challenges while positioning the new owner in a prime location with proven demand. Complete seller support and training provided to ensure smooth transition.

Ideal for operators seeking immediate cash flow without construction delays or investors wanting a modern, low-maintenance business in an established market.
About the Business
Years in Operation
1
Facilities & Assets
Brand-new machines: 17 washers + 14 dryers
All-new counters, flooring, lighting, plumbing, and electrical
Card-system ready (no coin setup required)
Ideal layout for wash & fold and pickup/drop-off services
Located in a dense residential neighbor
hood with strong laundry demand
Website
https://www.laundryandco.nyc/
Market Outlook / Competition
Queens has strong laundry demand due to its dense, working-class and immigrant population. Forest Hills attracts middle-income families, students, and renters many without in-unit laundry. There's also a growing shift toward pickup/drop-off and wash & fold services, offering higher-margin potential beyond walk-ins.
Opportunities for Growth
Business is being run by an absentee owner. Corporate business and pick up drop off has not been utilized. Every month revenue goes up.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
800
Rent
$5,000.00 per month
Lease Expiration
7/5/2040
About the Sale
Seller Motivation
Absentee Owner
Transition Support
Yes everything will be provided
Listing Info
ID
2395920
Listing Views
8434
Business Location

Contact Seller

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Business Listed by: Jonathan yunatanov

Listing ID: 2395920 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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