Sell a Laundromat in Syracuse, NY
To sell a laundromat in Syracuse, NY, prepare store-level revenue, lease and equipment evidence before choosing an asking price. The local figures below help explain the market around your store. They are dated demographic estimates and employer records, not local sale comparables or a forecast of buyer demand.
Key takeaways
- Syracuse, NY: 34,927 renter households at a 58.4% renter share (Source: ACS 2020–2024).
- Store financials and lease rights determine what can be represented to a buyer.
- Local industry counts do not establish an asking price or forecast a sale.
- Current permits, tariffs and transfer rules require transaction-specific confirmation.
What evidence describes Syracuse, NY?
| ACS 2020–2024 estimate | Syracuse, NY | Published margin of error |
|---|---|---|
| Population | 146,384 | ±135 |
| Renter-occupied households | 34,927 | ±1,149 |
| Renter share of occupied households | 58.4% | Derived ratio; no combined margin calculated |
| Median household income (2024 dollars) | $47,819 | ±$2,145 |
Source: ACS 2020–2024 five-year estimates via Census Reporter. Keep the estimate and its margin together when sharing the Syracuse, NY market summary. Do not present these household characteristics as measured customers or substitute household income for payroll evidence.
What is distinctive in the Syracuse, NY disclosure evidence?
Syracuse, NY accounts for 40.8% of the Syracuse, NY Metro Area renter households and 22.3% of its residents in ACS 2020–2024. A sale memorandum should distinguish the city's 34,927 renter households from the metro's 85,637. A regional audience description cannot establish where your store's customers live.
Within this site's 80-city coverage set, Elizabeth, NJ is closest to Syracuse, NY in estimated renter-household count: 34,327 versus 34,927. Yet five-plus-unit buildings represent 33.0% of its housing, compared with 27.9% here. A similarly sized renter base is not a matched sale comparable. Use this contrast to explain why the buyer still needs your property's actual competition and laundry-access evidence.
Of the three other housing measures compared, the largest percentage-point difference is two-to-four-unit housing: 26.7% in Syracuse, NY and 47.4% in Elizabeth, NJ. In the disclosure file, document whether small rental buildings offer shared or in-unit laundry instead of asserting what the statistic implies about customers. These are estimates, and this comparison does not test statistical significance.
39.0% of Syracuse, NY's renter households report no vehicle. If marketing emphasizes neighborhood convenience, support it with the store's actual walking routes, entrances and customer evidence. Do not convert the no-vehicle share into a customer count.
For the reported employer context, the CBP extract contains 25 establishments in 2023 and QCEW contains 24 in 2024. Keep both source labels in the Syracuse, NY appendix. Because the programs differ, subtracting these figures would not establish openings or closures. The QCEW wage of $536 per week also cannot replace employee-level hours and pay records.
Sources: ACS 2020–2024, Census CBP 2023, ZIP Business Patterns 2023 where shown, and BLS QCEW 2024. The linked geography extracts below reproduce the demographic comparisons. Read the methodology before using them in a transaction.
How does Syracuse differ from its surrounding metro?
| Measure | Syracuse | Syracuse, NY Metro Area |
|---|---|---|
| Population estimate | 146,384 | 656,410 |
| Renter-household share | 58.4% | 31.6% |
| Median household income | $47,819 | $75,492 |
| CBP 2023 employer establishments | Not measured at city level by this table | 32 |
Source: ACS 2020–2024 and Census CBP 2023, NAICS 812310. Syracuse's renter share differs from the metro by 26.8 percentage points. Disclose which boundary supports each figure in your memorandum. Label both in a sale package so a buyer does not mistake a regional count for competitors around your address.
Which county records will a Syracuse buyer encounter?
| Onondaga County, NY | Recorded measure |
|---|---|
| Population estimate | 471,129 |
| Renter households | 67,371 |
| CBP 2023 employer establishments | 25 |
| Renter households per employer establishment | 2,695 |
Source: Census CBP 2023 and ACS 2020–2024. Onondaga County, NY is the selected county context, not the city itself. If a buyer asks about this ratio, provide the numerator, denominator and reference years. Neither your store's utilization nor an unmet-demand claim can be demonstrated by this division. See the data definitions and limits.
Which housing facts belong in a Syracuse, NY sale package?
| Housing measure | Syracuse, NY |
|---|---|
| Housing units | 67,601 |
| Units in buildings with at least five units | 27.9% |
| Units in buildings with two to four units | 26.7% |
| Units built before 1980 | 85.5% |
| Renter households without a vehicle | 39.0% |
| Median gross monthly rent | $1,039 |
Source: ACS 2020–2024, tables B25024, B25034, B25044 and B25064. For a Syracuse, NY buyer, these figures raise specific questions about your customer catchment. Pair them with anonymized customer origins and observed visits before making a demand claim.
How should Onondaga County, NY payroll benchmarks be disclosed?
| BLS QCEW 2024 measure | Onondaga County, NY |
|---|---|
| Covered NAICS 812310 establishments | 24 |
| Average weekly wage per covered employee | $536 |
| Establishment location quotient | 2.25 |
| Change in establishments from prior year | +1 |
Source: BLS QCEW 2024 annual averages, NAICS 812310, private ownership. A buyer of a store in Onondaga County, NY needs your hours, roles, pay rates and employer costs. This industry average combines different jobs and working hours, so it cannot validate a payroll add-back or an unattended-store saving.
Which New York utility evidence should be ready?
New York's 2024 all-sector average retail electricity price was 19.66 cents per kWh (Source: EIA State Electricity Profiles, 2024). Keep this statewide average separate from the property's commercial tariff and effective billed rate. Provide original electric, gas, water and sewer bills and the service-address tariff before discussing utility savings.
Related seller markets in New York
Cities can share county or metro statistics. Compare the city household and housing tables before treating the pages as independent market observations.
What should a Syracuse, NY seller prepare next?
| Seller decision | Evidence to assemble |
|---|---|
| Asking price | Reconcile tax returns, deposits, card settlements and collection records |
| Transferable lease | Obtain the signed lease, options, landlord-consent terms and infrastructure responsibilities |
| Equipment adjustment | Record models, age, repair history and installed replacement quotes |
| Confidential disclosure | Approve a blind summary and qualify buyers before releasing identifying records |
Start with the seller document checklist and confidential sale process. Local zoning, use, fire, plumbing, accessibility, tax clearance and brokerage requirements depend on the address and transaction. This page has not verified a permit status, local tariff, legal exemption or broker license. Check the responsible authority with counsel before representing a conclusion to a buyer.
The Next Step If You Are Thinking About Selling
Frequently Asked Questions
What is my Syracuse, NY laundromat worth?
No verified Syracuse, NY closed-sale sample is published on this page. Value requires normalized earnings, a transferable lease, equipment condition and relevant completed transactions. Use the local data to describe the surrounding population, not to manufacture a local multiple or justify an asking price.
Does Syracuse, NY's renter share prove demand for my store?
The ACS estimate is 58.4% for this geography (Source: ACS 2020–2024). It does not measure in-unit laundry, building laundry rooms or your customers. Revenue records and a specific catchment survey are needed before claiming that renter households support your store's volume.
Can I list a Syracuse, NY store without revealing its identity?
An initial summary can omit the name, address and other identifying details. Approve disclosures before distribution, screen buyers and use an NDA before releasing sensitive records. Small-market descriptions can still identify a business, so a confidentiality process reduces exposure but cannot promise secrecy.
What local facts are still unverified in Syracuse, NY?
The research does not establish a property's permit status, utility tariff, current transfer-tax treatment or the parties' licensing requirements. Obtain the property file and current guidance from the responsible agencies. Employer counts and ACS estimates are dated context and cannot substitute for those records.
Sources
- Census Reporter, ACS 2020–2024 place/state estimates and margins of error — https://api.censusreporter.org/1.0/data/show/acs2024_5yr?table_ids=B01003,B25003,B19013&geo_ids=16000US3673000
- Census Reporter, ACS 2020–2024 housing characteristics — https://api.censusreporter.org/1.0/data/show/acs2024_5yr?table_ids=B25024,B25034,B25044,B25064&geo_ids=16000US3673000
- U.S. Census Bureau, County Business Patterns 2023 — https://www.census.gov/data/datasets/2023/econ/cbp/2023-cbp.html
- BLS QCEW, 2024 annual averages, NAICS 812310 — https://data.bls.gov/cew/data/api/2024/a/industry/812310.csv
- Census, 2022 NAICS 812310 definition — https://www.census.gov/naics/?input=812310&year=2022&details=812310
- Census Reporter, ACS 2020–2024 Syracuse, NY Metro Area — https://api.censusreporter.org/1.0/data/show/acs2024_5yr?table_ids=B01003,B25003,B19013&geo_ids=31000US45060
- Census Reporter, ACS 2020–2024 counties in New York — https://api.censusreporter.org/1.0/data/show/acs2024_5yr?table_ids=B01003,B25003,B19013&geo_ids=050%7C04000US36
- Census Reporter, ACS 2020–2024 comparison geography Elizabeth, NJ — https://api.censusreporter.org/1.0/data/show/acs2024_5yr?table_ids=B25003,B25024,B25034,B25044,B25064&geo_ids=16000US3421000
- EIA, State Electricity Profiles 2024 — https://www.eia.gov/electricity/state/
This page is general information about laundromat transactions, not legal, tax, or investment advice, and not a guarantee of sale price, timing, or financing approval. Verify current rules with your own CPA, attorney, lender, and the relevant state or municipal agency before acting.