Profitable Laundromat with Dry Cleaning and Delivery Services in Lower Manhattan, NY
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Financial Details
- Asking Price:
- $565,000
- Annual Revenue:
- $390,000
- Cash Flow / SDE:
- $149,600
- Profit Metric:
- Cash Flow
- Valuation Multiple:
- 3.8x
- Location:
- New York, NY, US
- Source:
- Date:
- September 15, 2025
Key Highlights
Prime location in a busy Chinatown section of Lower Manhattan, NY.
Established business with 8 years of operation, featuring 13 washers and 16 dryers.
Offers multiple revenue streams including wash & fold, delivery, and dry cleaning drop-off.
Description
This listing presents a well-established laundromat located in the bustling Chinatown section of Lower Manhattan, New York. Operating for 8 years, the business is equipped with 13 washers and 16 dryers, catering to a high-traffic area. It offers a comprehensive range of services including wash & fold, delivery, and dry cleaning drop-off, maximizing revenue potential. The business benefits from a 10-year lease and is supported by 2 full-time employees. The owner is motivated to sell due to other business commitments, and will provide 2 weeks of training to ensure a smooth transition. This is a non-franchise, non-relocatable business with street parking available.
Industry Information
- Industry Description:
- Dry Cleaning, Laundry Services, Laundromats
- Classification:
- Service Businesses
Operational Snapshot
- Year Established:
- 2017
- Employees:
- 2
- Reason for Selling:
- Owner has other business interests and cannot provide adequate attention.
Real Estate & Lease
- Status:
- Not_included
Listing Details
- Listing ID:
- da507af1-3f71-4aee-9589-368318e99d5b
- Deal Status:
- For Sale
- Date Posted:
- April 19, 2024
- Last Updated:
- September 15, 2025
- Currency:
- USD
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