MergerPlace

Coin Laundromat for sale in Union County

New Jersey (Union)


  • Asking Price: $599,000
  • Gross Income: $278,000
  • Cash Flow: $118,158
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #214870
  • Established: 20
  • Employees: 3

Business Description

Well established absentee laundromat recently completely renovated, renovation finished February 2019. After just a few months they're already doing over 23K a month. This laundromat is located in a very affluent town and there is huge upside for wash & fold as well as adding a pick up and delivery service. 28 dryers 25 washers all manufactured by huebsch. Numbers are increasing every month store can conservatively do 25K a month no problem. 24 year lease with 2.5% increases. 35% self-service 60% wash n fold 5% dry cleaning.


Business Details

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

Company Information

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

Financial Information

Asking Price: $599,000
Gross Revenue: $278,000
Cash Flow: $118,158
Seller Financing Available: No

Property Information

Facilities:

Plenty of parking, 24 year lease, 20 washers brand new, 8 stack dryers, and 1 washer is 10yrs old.

Growth & expansion opportunities:

Very affluent area huge potential to grow wash & fold business.

Competition:

Very little competition in area

Reason for selling:

Seller looking to relocate near his home.

Support & Training:

Seller will stay on to train new buyer.

Contact Business Seller

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Business Listed By:

Douglas Bodner

Executive Business Brokers