Business Overview:
Neighborhood Laundromat – in heavily safe Hispanic area in North Hudson. Family operated with one employee other employees -2 family members. Equipment appears new 24 washers Huebsch, all front 12 DBL stacked dryers 4 years old. Does big wash/fold 10% and drop cleaning business 15%. Vending machine – Flat screen TV, dollar changer. Three employees only one salaried 60 hours. Two family members work less than 20 hours weekly each. No immediate competition in an area. Filled with local Laundromats, nearest 3 city blocks away. Brand new (1 year), hot water boiler, wash/fold 10% of business – 15% drop cleaning business store does no advertising, nor does it have any promotions. Front can use better visual identification. For further information please contact Vito Mastromonaco
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:
2,500 square feet laundromat, newer equipment, 13 year lease at low increments. Plenty of street parking in extremely safe area
Market Competition and Expansion:
Competition - All throughout North Hudson neighborhood Laundromats abound – Closest one to this specific Laundromat is 3 blocks away. This is considered a far distance in this location
Expansion - Advertising/promotion and better identification in front
Reason for Selling:
Other business interests
Additional Details:
- The property is owned.
- 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: