Business For Sale

Laundromat Opportunity

Not Disclosed, NJ
Hunterdon County


Asking Price: Annual Revenue:
$79,900 $80,000

Services: Dry Cleaning & Laundry


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RE: Laundromat Opportunity Broker: Ron Cervelli

Quick Facts

Asking Price: $79,900
Annual Revenue: $80,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $65,000
Real Estate: Not Disclosed
Year Established: 2005
Employees: Not Disclosed
BBN Listing #: 65383909
Broker Reference #: LAUN278

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Business Overview:

Attractive Laundromat located in an active mall located in Northern New Jersey, Hunterdon County with no expense to well water and septic. The business is on a busy county road and the area has many new residential building units to be completed within the next two years. Regarding employees and payroll, this laundromat company does not have any employees and is maintained as an absentee business opportunity. The business transaction will have a new commercial lease which expires 2021, plus additional options available, with a monthly rent of $2,800, all in, cost per square foot is estimated at $22.40 and rent security of approximately $5,000. The business fixed assets has an estimated value of approximately $65,000 which is based on the original set up cost of the equipment, licensing, buildout replacement expense, tangible & nontangible, in addition to the multiple of the existing net yearly income. This successful laundromat business operation is active seven days per week, with hours from 6:00 am to 10:00 pm, also opens and closes its doors automatically. The business has been valued / priced at $79,900 which is based on a multiple of the net yearly income and includes the value of the specific business assets. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.

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Property Features and Assets:

This laundromat consists of approximately 1,500 square feet with a clean attractive professional appearance. The business is in a mid-size commercial mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Hunterdon County, which consists of many new housing developments in the general area.

Market Competition and Expansion:

Regarding competition, there are no other competitors in the area and to the best of our knowledge, due to various circumstances, 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. The business can be further expanded by the new operator, with wash & fold service, a web site and a limited marketing plan, which can further develop the business yearly gross sales.

Reason for Selling:

The purpose of this business transaction is due to

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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