Newly Renovated Absentee Card Laundromat For Sale - Long Lease
Business Description
HS Listing ID-67019
Prime Location: Located on a high-visibility main street in the Bronx, surrounded by dense residential buildings, including apartments directly above the laundromat.
Absentee Ownership: Fully absentee-run, with the owner visiting only 1–2 times per week for oversight.
Secure Lease: 12-year lease with (1) 5-year option to extend.
Modern Equipment: Outfitted with Speed Queen machines (32 washers, 32 dryers), a year old and in excellent condition.
Advanced Payment System: High-tech card Laundroworks system in place, enhancing customer convenience and operational control.
Spacious Facility: Approximately 2,100 facility with a 970 SQ FT full basement.
Diverse Revenue Streams: Revenue is generated through a balanced mix of services, including:
Self-Service: 65%
Wash & Fold: 30%
Soap Sales: 5%
Staff in Place: Operated by a team of 3 employees, ensuring smooth day-to-day operations.
Operating Hours: Open daily from 7:00 AM to 10:00 PM, offering convenient access for customers.
Financing Options: NO SBA Financing or Seller Financing. Laundromat bank financing available, buyer must have 35-40% down payment or all cash deal.
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
Prime Location: Located on a high-visibility main street in the Bronx, surrounded by dense residential buildings, including apartments directly above the laundromat.
Absentee Ownership: Fully absentee-run, with the owner visiting only 1–2 times per week for oversight.
Secure Lease: 12-year lease with (1) 5-year option to extend.
Modern Equipment: Outfitted with Speed Queen machines (32 washers, 32 dryers), a year old and in excellent condition.
Advanced Payment System: High-tech card Laundroworks system in place, enhancing customer convenience and operational control.
Spacious Facility: Approximately 2,100 facility with a 970 SQ FT full basement.
Diverse Revenue Streams: Revenue is generated through a balanced mix of services, including:
Self-Service: 65%
Wash & Fold: 30%
Soap Sales: 5%
Staff in Place: Operated by a team of 3 employees, ensuring smooth day-to-day operations.
Operating Hours: Open daily from 7:00 AM to 10:00 PM, offering convenient access for customers.
Financing Options: NO SBA Financing or Seller Financing. Laundromat bank financing available, buyer must have 35-40% down payment or all cash deal.
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
About the Business
- Employees
- 3
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 3,070
- Rent
- $8,240.00 per month
About the Sale
- Seller Motivation
- Other business interests.
- Transition Support
- Yes.
Listing Info
- ID
- 2397131
- Listing Views
- 535
Listing ID: 2397131 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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