MergerPlace

Coin Laundromat with Big Potential

New Jersey (Essex)


  • Asking Price: $139,000
  • Gross Income: $293,156
  • Cash Flow: $64,160
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #211773
  • Established: 1988
  • Employees: 4PT

Business Description

Crystal clean, well-maintained laundromat - 39 washers 39 Dryers. Prime location in one of the highest traffic intersections in NJ (23-25k avg cars per day). Placed between attention-grabbing retailers Starbucks & CVS. Very strong wash & fold business with clear capability to grow given the resident profile in the area (15 minutes from the Caldwells, Livingston, Roseland, Essex Fells). Only one other laundromat within 6-mile radius. 3 points of access/exit to front & rear parking. POS system, 64% self-service, 35% WnF & 1% other. Current owner lives in London and runs the business remotely. Added 30k back to reflect an owner-operator.


Business Details

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

Company Information

Year Established: 1988
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4PT

Financial Information

Asking Price: $139,000
Gross Revenue: $293,156
Cash Flow: $64,160
Seller Financing Available: No

Property Information

Facilities:

2700 sq ft laundromat, 39 washers, 39 dryers, plenty of parking

Growth & expansion opportunities:

Owner operator can expand wash & fold

Competition:

None

Reason for selling:

Owner cannot manage business from overseas

Support & Training:

Seller will train new buyer

Contact Business Seller

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Business Listed By:

Doug Bodner

Executive Business Brokers