Business Overview:
Very well run, totally absentee laundromat, centrally located in a strip center with parking. The new owner of this laundromat does not need to leave their day job. It is organized to run as an investment with picking up the coins twice a week the only recurring time investment.
The staff is experienced and reliable, covering 100% of the hours of operation, including a driver for the delivery service. Well established in the community, it has the only pickup and delivery route of Wash/Fold and Dry Cleaning for residential and commercial customers. An entire nursing home was recently added as a commercial account contributing an expected annual revenue increase of $25,000. ALSO HAS APPROVAL CONFIRMATION FROM THE NJ LOTTERY COMMISSION TO SELL LOTTERY.
Equipment includes 23 washers (2-50lb Launder Center machines, 3-35lb Launder Center machines, 3-35lb Launder Wascomat rebuilt, 2008 machines, 15- 8-9 yr old Top Load Whirlpool machines), 15 ADC Dryers, 2 change machines, 10 carts, 1 soap machine, and others. The 2005 Dodge Caravan used for delivery and pickup is negotiable.
Motivated owner is reluctantly selling due to divorce settlement. Business is now offered at $249,000 with a down payment of $160,000 and the seller will finance the $89,000 balance. Financials are projected for 2011 and supported by meticulous record keeping.
For more details call Paul Holveck at Executive Business Brokers, 908-851-9040 x277.
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:
Competition- Only Laundromat in the area with a pickup service
Expansion- Marketing the delivery service to commercial businesses such as nursing homes, hospital, office buildings. Has great potential.
Reason for Selling:
Divorce settlement
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: