MergerPlace

Coin Laundromat

New Jersey (Bergen)


  • Asking Price: $330,000
  • Gross Income: $207,000
  • Cash Flow: $70,225
  • Real Estate: Not Disclosed
  • Inventory: $300
  • FF&E: Not Disclosed
  • Listing ID: #207978
  • Established: 13
  • Employees: 1 F/T 2 P/T

Business Description

This is a 2400 square-foot Laundromat absentee run with 28 washers and 32 pocket dryers all equipment in great shape 13 years old. The machines are well-maintained. 72% coin, WnF 22% & 6% other. Store is open 105 hrs a week numbers reflect owner operator working 40hrs a week and payroll covering 65hrs a week at $8.50 hr


Business Details

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

Company Information

Year Established: 13
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 F/T 2 P/T

Financial Information

Asking Price: $330,000
Gross Revenue: $207,000
Cash Flow: $70,225
Inventory: $300
Seller Financing Available: No

Property Information

Facilities:

2,400 sq. ft. laundromat 28 washers, 32 pocket dryers 13 years old. All equipment in great shape, long lease in place, plenty of parking.

Growth & expansion opportunities:

Owner operator can pick up more commercial accounts and was and fold business.

Competition:

There is competition in market

Reason for selling:

Retiring

Support & Training:

Seller will stay on to train

Contact Business Seller

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Business Listed By:

Douglas Bodner

Executive Business Brokers