Business for Sale Overview:
The specific location of this laundromat in the heart of residential downtown Newark will never go away. Business will always thrive and get better as more low cost housing and elderly apartments keep going up in this immediate area. Brand new equipment. 3 years left on original warranty. Wash and fold. Attendant present at all times, run comfortable absentee. Well laid out. 2,000 square feet store. Equipment all HUIBSCH - 2 years old. 20-25 lb ($2) wash 8-45 lb ($3.50) -8-65 lb. ($5.50). Great amount of large families in area. Also has good money in area in 58-25 lb dryers -94 pieces of equipment. Also has 2 coin changers, 1 soap dispenser and store owner soda/snack machines plus internal camera system. Business is on steady upward spiral for the 6 years owner has had this business. Great deal of business communicants of nearby church. Facility has separate side room office, bathroom, boiler room, and flat screen TV plus plenty of work tables.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
2,000 square feet in a strip mall setting. Plenty of parking. Good 10 year lease. All machines 2 years of age, 3 years left on warranty.
Market Competition and Expansion:
Competition: There are no full service laundromats in this middle setting of Newark for miles. This specific laundromat has great following because of its location. Virtually no competition.
Growth and Expansion: Day owner operator of any fairly large size laundromat in Newark can increase business. Go to New motels located in the Newark airport area and pick up there. There are plenty these modetels who are looking for legitimate operators of laundromats to give them their business. Promotions are always beneficial for laundromats for slower days although there specific laundromat doesn't seem to have any of these days.
Reason for Selling:
owner wants to get back into deli business
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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