MergerPlace

Semi-Absentee Coin Laundromat

New Jersey (Mercer)


  • Asking Price: $499,000
  • Gross Income: $307,349
  • Cash Flow: $101,934
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #214358
  • Established: 7
  • Employees: 2 PT 2 FT

Business Description

Semi Absentee Laundromat, clean tax records, seller can back into all income and expenses all verifiable (owner works 24 hrs a week) state of the art equipment all made in manufactured in the USA, 28 washers and 28 dryers. All Equipment is manufactured by Dexter only 7 years old! Bank financing available 35% down, Seller owns the building and will give a favorable lease to the qualified buyer as well as the first right of refusal. 37% wash & fold, 63% self-service. freestanding building with plenty of parking tax return numbers, a must see call Doug Today at (908) 851-9040 ext. 204 to take a tour Employees are all at $15 an hr an owner-operator can easily NET $150,000 if they hire new staff at industry standard rate $10 an hr and work the store.


Business Details

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

Company Information

Year Established: 7
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 PT 2 FT

Financial Information

Asking Price: $499,000
Gross Revenue: $307,349
Cash Flow: $101,934
Seller Financing Available: No

Property Information

Facilities:

2200 sqft laundromat with parking for 14 spots

Growth & expansion opportunities:

Lots of upsides to increase wash and fold business

Competition:

There is competition in area but the demographics are great and warrant this business

Reason for selling:

Owner has a bad back

Support & Training:

Seller will stay on for a transition

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Larry Bodner

Executive Business Brokers