Absentee Laundromat with Potential

Not Disclosed, NJ
Monmouth County

Asking Price: Annual Revenue:
$160,000 $144,120

Services: Dry Cleaning & Laundry

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RE: Absentee Laundromat with Potential Broker: Doug Bodner

Quick Facts

Asking Price: $160,000
Annual Revenue: $144,120
Net Profit: Not Disclosed
Cash Flow: $40,136
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 20
Employees: 3
BBN Listing #: 69852979
Broker Reference #: 6325db

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Business Overview:

This 1,500 square-foot Monmouth County laundromat has 28 washers and 27 dryers. Currently run absentee, there are three part-time employees covering all shifts, located in a strip mall with plenty of parking. Lots of room for growth. 56% self-service, 21% commercial account, 18% wash & fold, 5% other. With a little upgrading and improvements on equipment the store can do way better. As it stands in the condition it is now they are currently doing $12,000 a month in gross sales. Landlord will give long lease. Seller profits over 3,000 a month absentee.

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Property Features and Assets:

1,500 square feet, 28 washers, 27 dryers, long lease with plenty of parking. Hours are Monday -Friday (8am-8pm), Saturday & Sunday (7am-7pm).

Market Competition and Expansion:

Minimal competition, upgrading some new machines increase wash & fold business, lots of trailer parks in area, can pick up more commercial accounts.

Reason for Selling:

Other business interest.

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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