MergerPlace

Laundromat and Drop Store Combo

New Jersey


  • Asking Price: $499,000
  • Gross Income: $535,000
  • Cash Flow: $100,165
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $100,000
  • Listing ID: #211479
  • Established: 10
  • Employees: 2 FT 6 PT

Business Description

This is a laundromat and wash & fold drop store combo being sold as a package deal. The drop store is located in Hoboken it’s 1,000 sqft and the owner services the wash & fold at his laundromat in Elizabeth 2,000 sqft, The laundromat sales are 210k & the drop store generates 325k For a combined total of 535K in annual sales There is 137K in payroll That an owner/family could absorb. 39 washers 46 dryers, half of the equipment has been recently upgraded. The current owner oversees the operation only spending about 15 hours a week.


Business Details

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

Company Information

Year Established: 10
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 FT 6 PT

Financial Information

Asking Price: $499,000
Gross Revenue: $535,000
Cash Flow: $100,165
FF&E: $100,000
Seller Financing Available: No

Property Information

Facilities:

Drop store 1,000 square ft and the Laundromat is 2000 square ft, With plenty of parking.

Growth & expansion opportunities:

Lots of room for growth to increase Wash & Fold business.

Competition:

There is competition in the area.

Reason for selling:

Retiring.

Support & Training:

Seller will train new buyers.

Contact Business Seller

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Business Listed By:

Douglas Bodner

Executive Business Brokers