Established Laundromat with Loyal Clientele and Delivery Service
$450,000
Real estate included
The property comes with the business.
Long lease in place
The current lease runs for several more years.
About this business
Renovated laundromat in Staten Island with brand new, energy-efficient washers and dryers. Located in a busy residential area, this business boasts a loyal customer base and over 20 years of establishment. Features include a clean cloud account, website, and a 2018 Ram Pro Master van for delivery services. With a strong net cash flow and consistent revenue, it's a prime investment opportunity.
The numbers
How the asking price compares with what the business brings in each year.
- Asking price$450,000
- Annual Revenue$230,000
- SDE$92,000
- 4.9×
- Price to SDE
- 2.0×
- Price to revenue
- 40%
- SDE margin
- Annual Profit
- $92,000
- Approx. Inventory Value
- $5,000
- Approximate FF&E
- $350,000
Details
- Laundromat and Coin Laundry Business
- Business type
- Leased
- Premises
Property & lease
- Premises
- Leased
- Rent (monthly)
- $3,700
- Lease Expiration
- Oct 1, 2035
- Lease Renewable
- Yes
Where it is · New York, New York
Somewhere in New York, New York. The exact address is not on this listing.
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