Business Overview:
Owner is looking to sell and is sacrificing this Laundromat because of its distance from his other locations in NJ and PA. Recently renovated by adding many new and remanufactured Huebsch units Good clean shop with reliable employees and long established track record of consistent earnings. Priced at right around 3.8 times 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.
Property Features and Assets:
9- Brand new and 9 refurbished Huebsch Washers plus 6 top loaders, 10 Huebsch Dryers well maintained. New roof top A/C and Heat Exchanger, All new carts, electronic soap machine, snack vending and rebuilt standard change machine.Lease is $3,323 per month locked in for 3 years with 3% increase per year two 5 year options.
Market Competition and Expansion:
Competition: One nearby has limited parking. Surrounding towns do not have city sewer.
Reason for Selling:
Owner wants to get another Laundry closer to home
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.
Resources: