Turn-key and Profitable Laundromat!

Buffalo, NY
listing image
Asking Price:$280,000
Gross Revenue:$150,000
Established Year:1990
Cash Flow:$55,000
Rent:$4,000/Month
BUSINESS DESCRIPTION

Hard to find laundromat business! This sale is for the business only and does NOT include the building. It does include all equipment to operate and is turn key on day one. There are 47 Dexter washers and dryers in total and are all 5-10yrs old. 20 of them have credit card readers installed less than one year ago through SpiderWash. Lease has approx 8 years remaining. Estimated gas $650/mo, electric $250/mo, water $650/mo, rent $4,000/mo. The total expenses are approximately $8k/month. Grosses approximately $2900+/wk. Seller will NOT hold financing and there are limited financials. For infrastructure expense reference… this Dexter equipment package ran about $400k brand new and the commercial build out (bulk heads, plumbing, electrical, etc) ran over $150k.


ATTACHED DOCUMENTS
Confidentiality Agreement Download

DETAILED INFORMATION
Location
Buffalo, NY
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,000
Lease Expiration
01/01/2033
Employees
1
Facilities
Generous square footage and in a plaza with excellent curb appeal.
Competition
There is limited competition within a short radius.
Growth & Expansion
Wash and fold and commercial linen accounts could significantly increase the bottom line.
Financing
NO seller financing available.
Support & Training
Owners can train up to 14 days.
Reason for Selling
Owners are buying a different business with the proceeds of this.
Report an Issue with this listing
profile-img
Shannon
McNichol
logo-img
Shannon McNichol