Property Details

Overview

12 years established business Laundromat at great location in Long Island City in Queens. The owner is retired and motivated to sell! Great Opportunity! Won’t Last! - Price: $280, 000- Area: 1400 sq. ft. + basement 1400 sq. ft. - Equipment: 26 washing machines + 22 dryers, several machines are brand new and all the equipment are well maintained! - Rent: $4554 + land tax $358, there is a tax reduction policy (Friendly Greek landlord) - Business: Annual income is about $260, 000, net income after labor expenses is about $120, 000! It has stable and many years of customers. The business is easy to manage. If you do it yourself, you can save the cost of an employee and the profits will be even greater! It is strategically located in Long Island City (LIC) in Queens, New York City, close to the waterfront park and art community, the commercial street is close to residential areas, and it is only an 18-minute drive from Flushing. The store operates clothing alteration, dry cleaning and agency cleaning services. Agency cleaning and dry cleaning business are 35% while water washing business is 65%. There is a huge business growth potential. The store owner is old and retired and motivated to sell and willing to accept all reasonable offers!