Business for Sale Overview:
Regal Consulting Corp. offers, for your consideration, information concerning the assets sale of a well maintained, high profit Laundromat in a prime area of Hoboken, New Jersey. This business has a gross yearly income of $410,000 and a consistent net income of $115,000. The present owner is fully absentee and the business can be improved with on site ownership and a marketing-advertising plan for additional wash & fold. The business is in an excellent urban professional location with lots of demand for continued service. The business supplies 70% wash and fold, 30 coin services. The equipment is fully upgraded with a computerized card system, two vehicles and a full time driver. The staff is very active with a huge amount of residential and commercial wash and fold business. The business has a large private parking area as part of the lease and rents out some of the parking spaces evenings and weekends, which does not disrupt the business and brings in additional income. Owner is retiring out of the area and financing has been preliminary arranged with 40% down. This is a most unusual opportunity due to the location and aggressive purchase price.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
Facility consists of 3,000 square feet on a commercial avenue with a continued demand for laundry services. An existing lease expiring in 2016 and with additional options is available for transfer. A large private parking area is included in the sale.
Market Competition and Expansion:
No similar competitors exist in the immediate area. With continued excellent service this business will maintain a solid income and return.
Reason for Selling:
Relocating out of state
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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.