Coin Laundromat for Sale

Not Disclosed, NJ
Cape May County

Asking Price: Annual Revenue:
$240,000 $107,214

Services: Dry Cleaning & Laundry

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RE: Coin Laundromat for Sale Broker: Doug Bodner

Quick Facts

Asking Price: $240,000
Annual Revenue: $107,214
Net Profit: $61,750
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 30
Employees: 1
BBN Listing #: 3812979
Broker Reference #: 7640db

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Business Overview:

Well-established laundromat. Currently runs 100% absentee numbers projected based on last 8 months. Only laundromat in town! 20 wash, 23 dry, new surveillance system, magnet lock for the front door, drop ceiling and all LED lighting & roof was installed. 1 Part Time comes in 1 hour a day to clean, empty the lint traps, and polish the machines. In addition 4 days a week, she stays for a total of 4 hours to perform WnF for about $200 a week. Plenty of areas for growth located near hundreds of hotels, bed-and-breakfast, campsites assisted living facilities, fishing communities, restaurants, etc. current owner there just once a week in winter to pick up the cash & twice a week in the summer. Laundromat runs itself. A busy pizza shop & WaWa in a strip mall. With an owner's touch, this laundromat will thrive!

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Market Competition and Expansion:

No competition. Only laundromat in town. Could expand wash & fold.

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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