Semi Absentee Card Laundromat in Bergen County

Not Disclosed, NJ
Bergen County

Asking Price: Annual Revenue:
$250,000 $231,565

Services: Dry Cleaning & Laundry

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RE: Semi Absentee Card Laundromat in Bergen County Broker: Douglas Bodner

Quick Facts

Asking Price: $250,000
Annual Revenue: $231,565
Net Profit: Not Disclosed
Cash Flow: $58,488
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 14
Employees: 3
BBN Listing #: 18572979
Broker Reference #: 7476DB

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Business Overview:

Opportunity to own a very well run, semi-absentee laundromat, located in a small strip center with parking & 3 entrances for easy access and new condos opening next door. It's been owned by the same owner for the last 14 years, who had the store built from scratch. The buildout included a $35k investment in Card Concepts Laundrycard System.

The 2,500 square feet facility is clean and well maintained with a reliable staff. The 14 year old equipment concludes 34 Speed Queend Washers, 16 20lb, 12 40lb, 5 60lb, 1 80lb, and 17 stacked dryers, all in good working order. Self service is 55% of the business, wash n fold 40% & dry cleaning/vending 5%. There is 1 1/2 years on the current lease and two 5 yr options. Revenue increased 9% in 2019 as customers are returning from a larger but more expensive competitor. Financials based on tax returns. Owner will provide 2 weeks of training.

Business is offered at $250,000. Motivated owner is dealing with health issues which are forcing the sale of the business. For more details contact Douglas Bodner at Executive Business Brokers. Please use email reply button of this ad to contact us.

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Reason for Selling:

Owner is retiring.

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.

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