2200 Seward Avenue

Description

Number of Machines: 24 Washers, 23 Dryers | 47 Total Years in Business: Laundromat since 1993 (CHL open 1 year) Sqft: 2,000 Years Remaining on Lease: 9 years (Signed a 10 year lease with 5 year option) Annual Lease Increase: 3% increase in the first 5 years, 4% increase in the last 5 years Cost of Equipment: $350,000 Monthly Expenses Rent: $3,296 Water: $900 Electricity/Gas: $1,000 Insurance: $1,000 Internet/Phone: $165 Trash Fee: $109 Supplies: $500 Payroll: $5,000 Monthly Income Self-Service: $8,000 Wash & Fold + Delivery: $6,000 Product Sales: $500 Total Expenses: $12,000 Total Income: $14,500 Asking Price: $300,000 Terms: Cash deal, sold as is Highlights: ? Branded delivery app listed on App Store and Google Play offering lowest price per pound in NYC for delivery ? App shows how many machines are available so self-service customers can view how busy we are before entering store ? Doors open remotely at 6am every day so staff does not need to be there to open for self-service ? Highest rated laundromat in Castle Hill Area with 4.9 stars and 85+ reviews on Google ? Lowest priced laundromat in Castle Hill Area (5 other laundromats within 1 mile that are on average 15% more expensive on washer/dryer pricing ? Robust social media presence with website, mailchimp integration, and Google Ad campaigns ? Parking lot available with 2 entrances into the location ? Physical staff of 6 along with 2 virtual assistants to help run delivery business and 1 marketing virtual assistant