Absentee Coin Laundromat

Not Disclosed, NJ
Morris County

Asking Price: Annual Revenue:
$435,000 $375,941

Services: Dry Cleaning & Laundry

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RE: Absentee Coin Laundromat Broker: Larry Bodner

Quick Facts

Asking Price: $435,000
Annual Revenue: $375,941
Net Profit: Not Disclosed
Cash Flow: $99,090
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 40
Employees: 6
BBN Listing #: 65442979
Broker Reference #: Not Disclosed

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Business Overview:

Well established Morris County absentee run Laundromat. The owner currently runs laundromat from out of state the operation runs very smoothly six employees. Numbers reflect absentee ownership an owner-operator can absorb most of payroll. 18 washers and 19 dryers all in good condition. On average about 15 years old +/-. The seller is very detailed and can provide supporting data. One delivery van, 2 drycleaning racks full basement surveillance cameras, etc. Located in a strip mall with plenty of parking long-term lease in place. Beautiful website breakdown of sales 41% wash and fold income, 27% self-service, 22% dry cleaning, 9% Laundered shirts, & 1% other. About 42% of w/f income is local delivery. You could set up and do dry cleaning on-premise.

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Property Features and Assets:

This is located in an ideal location established 40 years this 2,000 square-foot laundromat had 18 washer and 19 dryers are in good shape as well as a delivery van dry cleaning racks surveillance cameras etc. Located in a vibrant strip mall with plenty of parking long-term lease available.

Market Competition and Expansion:

Very little competition in the area. & There is plenty of room for growth for an owner-operator currently in the store is run 100% absentee new owner can absorb payroll as well as expand into other affluent surrounding towns. As well as pick up some commercial accounts.

Reason for Selling:

Seller looking to retire.

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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