Absentee Westchester County Laundromat In Dense Renter Market For Sale

Description

Established Ownership: Current owner has operated the business for 4 years, building stable systems, trained staff, and a consistent customer base. Absentee Run Operation: The business functions successfully without daily owner involvement. The owner only visits occasionally to monitor operations, demonstrating a proven absentee model. Trained Stable Team: The business is staffed by 4 core employees who manage daily operations. Additional float staff are used as needed to cover peak periods, vacations, and scheduling gaps. Industry Leading Equipment: The facility is fully equipped with 28 Dexter washers and 30 Dexter dryers. Ten machines are newer units, approximately 2.5 years old and installed under current ownership. The remaining machines are approximately 12 years old. Dexter equipment is widely recognized for durability, efficiency, and long service life, with properly maintained units often operating for over 20 years. Modernized Payment System: The store has been upgraded from traditional coin operation to the LaundryWorks card system. This reduces cash handling, simplifies reporting, and allows pricing adjustments without reconfiguring machines. Pickup and Delivery Program: A pickup and delivery service was introduced under current ownership and has become a key driver of growth, supporting commercial accounts and expanding revenue beyond walk in traffic. Revenue Breakdown: Self service accounts for approximately 50 percent at 151,480. Pickup and delivery and commercial accounts represent approximately 28 percent at 83,600. Wash and fold contributes approximately 22 percent at 64,920. Total gross revenue is approximately 300,000. Self Service Driven Model: The revenue structure is primarily self service, supporting strong margins and lower labor requirements, with wash and fold and commercial services as complementary income streams. Prime High Density Market: The business is located in one of the most densely populated cities in Westchester County, New York, bordering the Bronx, with over 16,000 residents per square mile and a renter majority population of approximately 62 percent. This demographic strongly supports consistent year round laundromat demand. Long Term Lease Security: The original lease term is 20 years, with approximately 16.5 years remaining. This provides strong long term stability and reduces location risk for a buyer. Seller Transition Support: The owner is willing to remain for training and transition support as needed to ensure continuity of operations, staff, and commercial accounts during the transfer. Reason for Sale: The owner is divesting in order to focus capital and attention on other business interests that now require full time involvement. Rent: 34,608 annually, or 2,884 per month.