Commercial Laundromat

Not Disclosed, NJ
Essex County


Asking Price: Annual Revenue:
$149,900 $175,000

Services: Dry Cleaning & Laundry


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RE: Commercial Laundromat Broker: Ron Cervelli
Owner Financing is Available!
Seller financing is available to qualified buyer

Quick Facts

Asking Price: $149,900
Annual Revenue: $175,000
Net Profit: Not Disclosed
Cash Flow: $50,000
Total Debt: Not Disclosed
FF&E: $90,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 75113909
Broker Reference #: LAUN294

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Business Overview:

Excellent business opportunity for this laundromat located in highly populated urban city of Essex County, New Jersey. The business has a yearly gross income of approximately $175,000 and a consistent net yearly income. The laundromat does approximately $1,000 weekly income from wash and fold. The sale will offer a ten-year lease at a monthly rent of $2,000 plus additional future options. The laundromat is conveniently located on a commercial avenue with various other successful businesses. The laundromat also offers a wash & fold service which represents a consistent percentage of their gross income can be further developed. The wash & fold laundry services offer comforters, tablecloths, linens, blankets, drapes, suede, leather, area rugs and most anything you can think of. This business has multiple part time employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll is $3,900. This business transaction will include a ten-year commercial lease which expires 2029, with a monthly rent of $2,000, and rent security $3,000. The business has been valued at $149,900 based on the estimated asset value and the multiple of the projected net yearly income, owner financing is available. Inventory will be the responsibility of the purchaser based on wholesale value. This is a dependable business opportunity. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

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Property Features and Assets:

This retail facility consists of 1,140 square feet with an attractive professional appearance. The business is on an active commercial avenue located in Northern New Jersey, Essex County, in a highly populated city which consists tens of thousands of residents with continued demand for this particular service.

Market Competition and Expansion:

To the best of our knowledge, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser. The business presently does not have a marketing or advertising system and if improved can further develop the business gross yearly income.

Reason for Selling:

The owner is absentee and involved in alternative activity.

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.

Documents:

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