MergerPlace

Absentee Laundromat with Potential

New Jersey (Monmouth)


  • Asking Price: $150,000
  • Gross Income: $144,120
  • Cash Flow: $40,136
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #211856
  • Established: 20
  • Employees: 3 PT

Business Description

This 1500 square-foot Monmouth County laundromat has 28 washers and 27 dryers. Currently run absentee, there are three part-time employees covering all shifts, located in a strip mall with plenty of parking. Lots of room for growth. 56% self-service, 21% commercial account, 18% wash & fold, 5% other. With a little upgrading and improvements on equipment the store can do way better. As it stands in the condition it is now they are currently doing 12,000 a month in gross sales. Landlord will give long lease. Seller profits over 3,000 a month absentee.


Business Details

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

Company Information

Year Established: 20
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 PT

Financial Information

Asking Price: $150,000
Gross Revenue: $144,120
Cash Flow: $40,136
Seller Financing Available: No

Property Information

Facilities:

1500 sq ft, 28 washers, 27 dryers, long lease with plenty of parking, hours are Mon-Fri: 8am-8pm, Sat-Sun: 7am-7pm

Growth & expansion opportunities:

Upgrading some new machines increase wash & fold business, lots of trailer parks in area, can pick up more commercial accounts

Competition:

Minimal

Reason for selling:

Other business interests

Support & Training:

Seller will train new buyer

Contact Business Seller

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Business Listed By:

Seth Kain

Executive Business Brokers