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

Features & Tags

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