MergerPlace

Laundromat - Great Area

New Jersey (Union)


  • Asking Price: $99,000
  • Gross Income: $120,000
  • Cash Flow: $30,020
  • Real Estate: Not Disclosed
  • Inventory: $500
  • FF&E: $62,000
  • Listing ID: #202952
  • Established: 1987
  • Employees: 2 PT

Business Description

Laundromat located in a great Union County Town with 27 washers and 22 dryers. This laundromat is well established and can grow substantially with the right buyer.

The business produces a gross of income of approximately $120,000 and a consistent net income. WASH and FOLD service is generating approximately $1,000 per week and growing. Drop off and delivery service to local businesses has also enhanced this prime location. Add a website and promote on social media to grow the business.

Densely populated with new apartments being built to accommodate nearby train and bus lines. The customers are here and more are coming. An owner can easily increase this business with the proper direction as the present owner has a full time career with increasing demands. The buyer can increase revenue and income in a short time with added wash and fold customer. Upgrade option with financing available. Ask broker for details.


Business Details

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

Company Information

Year Established: 1987
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 PT

Financial Information

Asking Price: $99,000
Gross Revenue: $120,000
Cash Flow: $30,020
FF&E: $62,000
Inventory: $500
Seller Financing Available: No

Property Information

Facilities:

The business is on a busy well traveled road with other successful businesses and surrounded by single and multi-family homes and apartments. This opportunity is located in Northern New Jersey, Union County, which consists of highly populated affluent communities with strong demand for this particular service. Busy train and Bus commuters are ideal customers for wash and fold services. The gross lease is $3100 per month.

Growth & expansion opportunities:

The business presently does not have a marketing plan, no web site and no SEO etc. Growing wash / fold business can be expanded as well as commercial Clients. This can all be accomplished with out any upgrades. Once cash flow is improved you could upgrade the facility and continue to grow the business and if improved can further develop the business bottom line net income. New equipment financing is available.

Competition:

There are 2 other laundromats in town.

Reason for selling:

The owner is absentee, with a full-time job and can no longer do both.

Support & Training:

Will train for 1 week @ no cost. All permits and licenses with transfer to new owner.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Russell Miller

Murphy Business Brokers