Seller's Contact Information
- RE: Large Modern Laundromat
- Contact: Customer Service
Quick Facts
| Asking Price: | $350,000 | |
| Annual Revenue: | $235,645 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $77,099 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 160,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2000 | |
| Employees: | 2 | |
| BBN Listing #: | 21853909 | |
| Broker Reference #: | LAUN378 |
Business Overview:
Modern attractive laundromat business in a wonderful North Jersey community of Somerset County. The laundromat has thirty-four (34) washers and thirty-six (36) commercial dryers which are approximately seven years young. The equipment represents the highest quality brand washers and dryers with many years of continued use to the new owner. This laundromat business offers self-service, drop off, and pickup/delivery service to its many customers. The laundromat is a family owned and operated business that has been part of the community since 2000. They are not just your regular laundromat down the block but rather “The neighborhood” laundromat, where neighbors greet and socialize with each other while they do their laundry. They have been providing laundry services for years to the community and take pride in their work and are grateful for all their customers. This is a dependable safe business opportunity. The 2022 yearly gross income represented by the seller owner is $235,645 and the business has a yearly net income of approximately $77.099 based on an onsite owner operator and prior to any debt service. 2023 income is projected to be higher than the previous year.
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
This wonderful laundromat facility which consist of approximately 3,000, square feet, has a modern professional appearance. The business is on an active commercial avenue with various other successful businesses. This opportunity is in Northern New Jersey, Somerset County, and they service various highly populated communities and businesses with continued demand for this industry. The transaction can include a new long-term ten-year lease with a monthly rent of $4,500, rent security will be required. Property option to purchase.
Market Competition and Expansion:
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.
Reason for Selling:
Owner retiring
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
Relevant Links:
Here are some of the similar listings you can choose from
Asking Price: $17,500Great Side Business Low Maintenance-Houston
Breathalyzers In Bars, All you do is replace straws and collect your money. Only requires 8 hours a month and machines are already placed in busy bars.Customers place money into the machine to see how drunk they are. Both for fun and to prevent drinking and driving.
Asking Price: $18,100Great Side Business Low Maintenance - Grand Rapids
Breathalyzers In Bars, All you do is replace straws and collect your money. Only requires 8 hours a month and machines are already placed in busy bars. Customers place money into the machine to see how drunk they are. Both for fun and to prevent drinking and driving.
Asking Price: $12,100Great Side Business Low Maintenance - Stockton
Breathalyzers In Bars, All you do is replace straws and collect your money. Only requires 8 hours a month and machines are already placed in busy bars.Customers place money into the machine to see how drunk they are. Both for fun and to prevent drinking and driving
