Modern Laundromat

Avenel, NJ
Middlesex County

Active commercial avenue

Asking Price: Annual Revenue:
$159,000 $150,000

Services: Dry Cleaning & Laundry

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RE: Modern Laundromat Broker: Customer Service

Quick Facts

Asking Price: $159,000
Annual Revenue: $150,000
Net Profit: Not Disclosed
Cash Flow: $45,000
Total Debt: Not Disclosed
FF&E: $95,000
Real Estate: Not Disclosed
Year Established: 2010
Employees: 2
BBN Listing #: 77193909
Broker Reference #: LAUN365

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Business Overview:

Modern profitable Laundromat located on an active commercial avenue of Middlesex County NJ. The facility consists of 1,800 square feet with nineteen (19) newer commercial washers and twenty-four (24) dryers, newer furnace and boiler and all equipment is in particularly good working condition. The business will offer a long-term lease at a modest rent. The business has a gross income of approximately $155,000 Plus $30,000 of residential wash & fold service, vending and dry-cleaning total yearly income of $185,000. The business has two employees, and the owner limits her work time to a part time schedule, no evenings, or weekends. The sale includes a full security camera system, private office and a clean modern rest room and all equipment is in excellent working condition. The business fixed assets have an estimated value of approximately $95,000 which is based on the replacement cost of the original buildout, representing equipment, licensing, tangible & nontangible, in addition to the multiple of the existing net yearly income. The sale includes nineteen commercial washers and seventeen commercial dryers, carts, two-coin machines, camera systems, dry cleaning racks, a full office, and numerous displays.

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Market Competition and Expansion:

Regarding competition, to the best of our knowledge, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.

Reason for Selling:

Owner 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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