Laundromat and Drop Store Combo in Elizabeth

Elizabeth, NJ
Union County

Asking Price: Annual Revenue:
$499,000 $535,000

Services: Dry Cleaning & Laundry

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RE: Laundromat and Drop Store Combo in Elizabeth Broker: Douglas Bodner

Quick Facts

Asking Price: $499,000
Annual Revenue: $535,000
Net Profit: Not Disclosed
Cash Flow: $100,165
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 8
BBN Listing #: 89492979
Broker Reference #: 6305db

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Business Overview:

This is a laundromat and wash & fold drop store combo being sold as a package deal. The drop store is located in Hoboken it’s 1,000 square feet and the owner services the wash & fold at his laundromat in Elizabeth 2,000 square feet, The laundromat sales are $210,000 & the drop store generates $325,000 For a combined total of $535,000 in annual sales There is $137,000 in payroll That an owner/family could absorb. 39 washers 46 dryers, half of the equipment has been recently upgraded. The current owner oversees the operation only spending about 15 hours a week.

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Property Features and Assets:

Drop store 1,000 square feet and the Laundromat is 2000 square feet, With plenty of parking.

Market Competition and Expansion:

There is competition in the area. Lots of room for growth to increase Wash & Fold business.

Reason for Selling:


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.

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