Business For Sale

8 Year Old Card System Laundromat 200K+ Net Clean

Essex, NJ
Essex County


Asking Price: Annual Revenue:
$1,000,000 $480,000

Services: Dry Cleaning & Laundry


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RE: 8 Year Old Card System Laundromat 200K+ Net Clean Broker: Douglas Bodner
Owner Financing is Available!
Bank financing available - SBA & third party.

Quick Facts

Asking Price: $1,000,000
Annual Revenue: $480,000
Net Profit: Not Disclosed
Cash Flow: $204,046
Total Debt: Not Disclosed
FF&E: $400,000
Real Estate: Not Disclosed
Year Established: 8
Employees: 3
BBN Listing #: 81202979
Broker Reference #: 6113DB

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Business Overview:

Tax returns show favorably and this laundromat qualifies for an SBA loan. 3,100 square feet card system laundromat 50 dryers 43 washers Huebsch 8 years old. CCI card system. This is a Destination laundromat located in inner-city with parking. seller can back into all supporting figures. 58% self-service, 30% wash n fold , 7% dry cleaning & 5% soap sales. Easy landlord to work with, he will give a long-term lease. Bank financing available for qualified buyer. this Laundromat is currently being run fully absentee.

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Property Features and Assets:

3,100 square feet card system laundromat, 93 machines 8 years old. Long-term lease available, located in strip mall with parking.

Market Competition and Expansion:

This is a destination laundromat located off busy highway. Owner operator could expand different sources of revenue stream and pick up some was and fold accounts both commercial and residential.

Reason for Selling:

Partnership dissolving.

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.

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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