Listing Summary

Close to lower Manhattan. 3500 sq. ft, 37 washers, 40 dryers. Complete with an asking price of $450K, reported annual revenue of $237K, and SDE of $79K. Located in New York County, NY. Price/SDE multiple: 5.7x.

Deal Signals

Healthy reported margin
Potential absentee-owner fit
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Questions to Ask Before Offering

Can the seller provide trailing 12-month profit and loss statements plus tax returns?
What are the lease terms, renewal options, rent increases, and landlord assignment requirements?
What is the age, brand, and condition of washers, dryers, boilers, card systems, and vending equipment?
Can utility bills verify the reported revenue and operating margin?
Why is the asking price high relative to reported SDE?
Is there enough machine count and square footage to support revenue growth?

Verification Notes

Source indexed; financials have not been independently verified. Request supporting documents before submitting an offer. Ask for profit and loss statements, utility bills, equipment list, lease terms, and tax returns before signing an LOI.

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