MergerPlace

Coin Laundromat for Sale

New Jersey (Cape May)


  • Asking Price: $240,000
  • Gross Income: $107,219
  • Cash Flow: $61,750
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #226263
  • Established: 30
  • Employees: 1pt

Business Description

Well-established laundromat. Currently runs 100% absentee numbers projected based on last 8 months. Only laundromat in town! 20 wash, 23 dry, new surveillance system, magnet lock for the front door, drop ceiling and all LED lighting & roof was installed. 1 PT comes in 1hr a day to clean, empty the lint traps, and polish the machines. In addition 4 days a week, she stays for a total of 4 hours to perform WnF for about $200 a wk. Plenty of areas for growth located near hundreds of hotels, bed-and-breakfast, campsites assisted living facilities, fishing communities, restaurants, etc. current owner there just once a week in winter to pick up the cash & twice a week in the summer. Laundromat runs itself. A busy pizza shop & WaWa in a strip mall. With an owner's touch, this laundromat will thrive!


Business Details

Primary Business Category: Services - Other Services
Location: New Jersey
County: Cape May

Company Information

Year Established: 30
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1pt

Financial Information

Asking Price: $240,000
Gross Revenue: $107,219
Cash Flow: $61,750
Seller Financing Available: No

Property Information

Facilities:

Great lease, low rent, plenty of parking. 20 washers, 23 dryers.

Growth & expansion opportunities:

Coul expand wash & fold.

Competition:

No competition. Only laundromat in town.

Support & Training:

Seller will train new buyer

Contact Business Seller

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Business Listed By:

Doug Bodner

Executive Business Brokers