A profitable store typically generates over $25k gross per month, with profit margins of 20% to 35%.
Expect a total acquisition cost of $100,000 to over $400,000, with top-performing stores in NYC listed for up to $1.9 million.
While often called passive, NYC laundromats require 4 hours of daily work, including maintenance and wash-and-fold services. 1. Market Overview & Costs
Buying a laundromat in NYC is a significant investment that offers recession-resistant potential, often boasting a 95% success rate over five years. However, it is a high-cost, labor-intensive business that requires meticulous due diligence, particularly regarding lease terms and equipment condition.
The best locations are in high-density, working-class areas with minimal in-unit laundry.
What are some things to watch out for when buying a laundromat?
