Great location in Hell's Kitchen section of NYC.

Surrounded by apartments with little, less desirable or no laundry areas.

Excellent corner location with great visibility in well appointed and remodeled store.

Store is fully staffed and attended.

Equipped with LaundroWorks POS system for machines and Cents POS for wash & fold.

18 Dexter Washers & 22 Dexter Dryers approx. 5-8 years old.

Employees open with key. No auto-locks on doors.

Store was remodeled recently and has only been open for a year. Sales have been increasing steadily.

Total revenue is approx. $41,000 month:
1) Self serve revenue is approx. $24,000 monthly.
2) Wash & Fold is approx. $17,000 monthly.

2000 sq ft, corner location with 13 years left on lease.

Machines are card only- no coins.

Seller has owned 7 months and is an investor with multiple laundromats. This one was purchased as an investment.

Lots of opportunity here for:
1) Wash & Fold.
2) PUD (Pick Up & Delivery).
3) Self Serve
4) Commercial Accounts.

Everything is here in a desirable location with nothing to do or upgrade. Just waiting for next owner to come in and keep growing the business and building revenue and profits.

NOTE: Address and detail will not be given out unless broker receives NDA and Proof Of Funds. This is being done to limit the traffic to the store from prospects who do not have sufficient funds.

Financing can be arranged with a specialty finance lender with approx. $280,000 down (40%) over 5 years at approx. 9%. This is all subject to bank approval.

List Price is $700,000
Financing Available with 40% down ($280,000) for 5 years at 9% - THIS IS APPROX
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BROKER'S NOTE ON ABSENTEE: This store is truly run absentee but as a former laundromat owner and broker who does 20 plus laundromats a year, the more time you spend at a store and manage it, the better. Most times when you see absentee, it just means that the owner has no set hours working the store, BUT, they need to be there weekly checking inventory, collecting cash, checking on maintenance, reviewing operations, managing work flow, managing staff, etc. Thus, you should always plan and on being at any store, even if marketed as "Absentee" for 10-15 hours a week minimum. Just my 2 cents but there is so much misleading info on laundromats in Social Media today. I tell all of my clients, "Laundromats are always more work than you think." Great business but if time is a concern, it may not be right for you.