Absentee Owned Laundromat in Kings County, NY with $650K Equipment
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Financial Details
- Asking Price:
- $1,999,000
- Annual Revenue:
- $596,000
- Cash Flow / SDE:
- $312,400
- Profit Metric:
- Owner’s Cash Flow
- Valuation Multiple:
- 6.4x
- Location:
- Kings County, NY, US
- Source:
- Date:
- November 05, 2025
Key Highlights
Absentee owned, highly profitable laundromat operation.
Significant asset base with over $650,000 in state-of-the-art equipment.
Strong cash flow ($312,400) and benefits from $5,000/month sub-tenant income.
Description
This is an absentee-owned laundromat located in Kings County, NY, featuring over 4600 sq ft of space. The business is described as very profitable, having been established recently (projected 1 year old based on seller data). It includes a substantial investment in state-of-the-art equipment valued at over $650,000. Financials show strong Owner's Cash Flow of $312,400 against $596,000 in gross revenue. The location benefits from a long 20-year lease and additional income from a sub-tenant paying $5,000 monthly. The seller is also offering four other similar laundromats as a potential package deal.
Industry Information
- Industry Description:
- Laundromat
- Classification:
- Service Businesses
Operational Snapshot
- Year Established:
- 2024
Real Estate & Lease
- Status:
- Leased
Assets & Inventory
- FF&E Value:
- $650,000 USD
- Includes FF&E:
- Yes
Broker Contact
- Name:
- Vested Corporate
- Company:
- Vested Corporate
- Email:
- [email protected]
- Phone:
- 877-735-5224
Listing Details
- Listing ID:
- 5aa96340-424a-4423-b5d9-d90197309595
- Source Listing ID:
- 20855
- Deal Status:
- Sold
- Last Updated:
- November 05, 2025
- Currency:
- USD
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