Business For Sale

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:

Retiring

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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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