Owner Financing is Available!
Business Overview:
An attractive Laundromat business located in a commercial mall and busy road of Somerset County, New Jersey. This modern facility is very ample and bright with 32 washers and 22 dryers, vending machines, a coin changer and other laundry equipment necessary for operation. The equipment and boilers are approximately 7 years old and in excellent working condition. Competition is very limited in this area because there is a $2,000 set up cost to the municipality required per washer at time of construction at a new site. The business produces a yearly gross income of approximately $160,000 with a stable net profit. The income consists of 60% machine sales and 40% wash & fold service, however, the income from wholesale /commercial wash & fold accounts is minimal and can be increased for an improved cash flow.
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.
Market Competition and Expansion:
No other Laundromat competitors exist in this particular area.
Reason for Selling:
Owner is retiring after many successful years.
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.