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.
Drop store 1,000 square ft and the Laundromat is 2000 square ft, With plenty of parking.
Lots of room for growth to increase Wash & Fold business.
There is competition in the area.
Seller will train new buyers.