MergerPlace

Morris County Coin Laundromat

New Jersey (Middlesex)


  • Asking Price: $165,000
  • Gross Income: $144,000
  • Cash Flow: $32,146
  • Real Estate: Not Disclosed
  • Inventory: $100,000
  • FF&E: Not Disclosed
  • Listing ID: #202364
  • Established: 8
  • Employees: 2

Business Description

Beautifully renovated absentee Laundromat located in the suburbs of Morris County in strip mall plenty of room for growth potential needs an owners touch to increase sales, wash and fold, commercial accounts etc. Currently Store is maintaining around $10,500 a month. Numbers on sheet reflect a projected $12,000 a month in revenue for 2018 store is capable of much more. Store is set up on an automatic timer turning on all the electrical as well as opens and closes the store. There is only one employee that works 38 hours a week in TOTAL!! 25 washers & 22 Dryers manufactured by Maytag ONLY 8yrs old. A must see call Doug to take a tour today


Business Details

Primary Business Category: Services - Other Services
Location: New Jersey
County: Middlesex

Company Information

Year Established: 8
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2

Financial Information

Asking Price: $165,000
Gross Revenue: $144,000
Cash Flow: $32,146
Inventory: $100,000
Seller Financing Available: No

Property Information

Facilities:

1500 sq. ft. Coin Laundromat in strip mall with parking; 25 washers, 22 dryers; all Maytag; 8 years old

Growth & expansion opportunities:

Owner can increase Wash and Fold business

Competition:

Little competition in area

Reason for selling:

Seller is buying a building

Support & Training:

Seller will train Buyer

Contact Business Seller

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Business Listed By:

Douglas Bodner

Executive Business Brokers