6108 5th Avenue, Brooklyn, NY 11220
sale
$450,000
|
Other
Courtesy Of RE/MAX Real Estate Professiona
TURNKEY, FAMILY-OPERATED LAUNDROMAT - STRONG CASH FLOW & EXPANSION POTENTIAL Established, family-operated laundromat offering an excellent opportunity for an owner-operator or investor to acquire a proven business with a long-term lease in place and multiple avenues for future growth. The laundromat is currently operating with 30 commercial dryers and 34 commercial washing machines, providing a strong foundation for continued operations. The sale includes a 10-year lease at an attractive $6,500 monthly rent, which includes the full basement. The lease provides for a 2% annual rent increase, offering predictable occupancy costs and long-term stability. For buyers seeking additional security, the lease term may be negotiable for a longer period. The storefront measures approximately 20' x 95', with an additional 20' x 55' basement currently utilized for drain tanks, supplies, and storage. The property was extended by the current owners in 2017, providing additional operational space. The business is currently operated by the family and has established customer traffic and recurring revenue. There is significant opportunity to increase revenue by adding pickup and delivery, and dry-cleaning services. A rare opportunity to acquire an established laundromat with an existing customer base, substantial equipment, favorable lease structure, and multiple opportunities to grow revenue and profitability.
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Property Features
- Age: Over 50 Years Old
- Building Units: 1
- Exterior Type: Block
- Floors: 3
- MLSID: 504959
- Roof Type: Flat
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