Financial Details

Asking Price:

$475,000

Annual Revenue:

$240,000

Cash Flow / SDE:

$115,000

Valuation Multiple:

4.1x

Location:

Elmhurst, NY, US

Sources:

Date:

May 31, 2025

Key Highlights

- Prime location laundromat in Queens, NY with strong lease terms.

- Recently renovated with 40 Wascomat machines.

- Semi-absentee operation with multiple revenue streams (self-service, wash & fold, pick-up & delivery).

Description

A fully equipped, coin-operated laundromat located in a prime area of Queens, NY. The business has strong lease terms with 9 years remaining and an additional 5-year renewal option. It was recently renovated 1.5 years ago and includes 40 Wascomat machines. The business operates semi-absentee with minimal owner involvement and has one part-time employee. Revenue is generated through self-service, wash & fold, and pick-up & delivery services.

Industry Information

Industry Description:: Laundromats and Coin Laundry Businesses
Classification:: Service Businesses

Listing Details

Listing ID:: b2f1b676-e469-4063-92d6-a435213cfa1f
Deal Status:: For Sale
Date Posted:: May 31, 2025
Last Updated:: May 31, 2025
Currency:: USD

Features & Tags

Quality Verified This listing meets our quality criteria and standards. Verified

Tags & Categories

# laundromat # queens-ny # coin-operated # wash-and-fold # absentee-owner