Coin Laundromat for sale in Union County

Not Disclosed, NJ
Union County

Asking Price: Annual Revenue:
$599,000 $278,000

Services: Dry Cleaning & Laundry

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RE: Coin Laundromat for sale in Union County Broker: Douglas Bodner

Quick Facts

Asking Price: $599,000
Annual Revenue: $278,000
Net Profit: Not Disclosed
Cash Flow: $118,158
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 20
Employees: 3
BBN Listing #: 9312979
Broker Reference #: 6391db

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Business Overview:

Well established absentee laundromat recently completely renovated, renovation finished February 2019. After just a few months they're already doing over $23,000 a month. This laundromat is located in a very affluent town and there is a huge upside for wash & fold as well as adding a pick-up and delivery service. 28 dryers 25 washers all manufactured by Huebsch. Numbers are increasing every month store can conservatively do $25,000 a month no problem. The 24-year lease with 2.5% increases. 35% self-service 60% wash n fold 5% sry cleaning.

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Property Features and Assets:

Plenty of parking.

Market Competition and Expansion:

Very little competition in area. & Very affluent area huge potential to grow wash and fold business.

Reason for Selling:

Seller looking to relocate near his home

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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