Owner-absentee laundromat in Queens, NY.

Featured on BusinessForSale.com . 6 viewed

Asking Price

$2,000,000

FOR SALE - ACTIVE

Detailed Information

Location

Queens, New York, US

Reason for selling

Not Provided

Real Estate

NA

QUICK STATS

BUYER ANALYSIS

Down Payment

% down

Payback Period

months

Annual Debt Service

% interest, year term

Cash Flow After Debt Service

Debt Service Coverage

x

COMPANY FINANCIALS

Cash flow

(% CF Margin)

Revenue

Furniture, Fixture &
Equipment

Inventory

Show more info

Business Description

Located in a bustling area of Queens, NY, this business space offers 4,200 square feet of space with a basement and parking for 8 cars. The facility operates 24/7 with a 10-year lease in place. It is equipped with 60 washers and 60 dryers, and currently has 3 employees on staff. This laundromat business is completely owner absentee, providing a hands-off investment opportunity for potential buyers or investors. With a high-capacity setup and consistent operations, the business caters to a steady flow of customers seeking laundry services. The prime location and established lease offer stability and potential for growth in the long term. Perfect for investors seeking a turnkey operation, this laundromat boasts a strong foundation, from its size and amenities to its dedicated staff and reliable operation. Offering a seamless entry into the business, this opportunity allows for passive ownership while tapping into the continuous demand for laundry services in the area.

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