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This thriving Briarwood laundromat presents a fantastic investment opportunity. The 1,300 square foot space houses a well-equipped laundry facility featuring 20 modern, high-capacity washers (Thoroughbred 600, approximately 3-4 years old) in a mix of large, medium, and small sizes (7 large, 6 medium, 7 small). There are also 18 Huebsch dryers ensuring efficient operation. The business operates 12 hours daily, offering both self-service and drop-off options, contributing to its consistent revenue stream. A significant advantage is the remaining lease term: eight years left on a ten-year agreement, providing long-term stability. The monthly rent is $3,100, inclusive of real estate taxes, with a modest annual increase of $50. A security deposit is required. Operating expenses include, but are not limited to, insurance, taxes, electricity, fuel, water, machine maintenance, phone/internet, security system, and common charges, along with payroll. This established business is located in the Briarwood section of Jamaica, New York, offering a proven track record and significant potential for continued growth and profitability. The asking price is $198,000.
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.