Seller's Contact Information
- RE: Coin Laundromat
- Contact: Douglas Bodner
Quick Facts
Asking Price: | $999,000 | |
Annual Revenue: | $445,000 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $191,145 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 6 | |
Employees: | 3 | |
BBN Listing #: | 76512979 | |
Broker Reference #: | 21009DB |
Business Overview:
Beautiful state of the art coin laundromat in Monmouth county currently run absentee 34 dryers 11 years old in great shape, 30 washers 4 years old all equipment manufactured by Heubsch. 65%, self-service, 30% wash and fold, 4% vending/counter sales and 1% dry cleaning. 14 years remaining on lease. Seller goes to the laundromat twice a week to do collections. Motivated seller, $16,000 a month absentee profits. Very clean great Google reviews located on busy road. Lots of room for growth.
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Property Features and Assets:
-30 washers four years old 34 dryers 11 years old 2,500 square feet entire store was remodeled.
Market Competition and Expansion:
-Competition in Market -Little competition in the area -Expansion potential -Lots of room for expansion into on-demand, pick up and delivery business located near shore towns
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
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