Laundromat for Sale in Ocean County, NJ-32970

Not Disclosed, NJ
Ocean County


Asking Price: Annual Revenue:
$220,000 $180,000

Services: Dry Cleaning & Laundry


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RE: Laundromat for Sale in Ocean County, NJ-32970 Broker: Gerald Nimberg
Owner Financing is Available!
$220,000.00 Down & TBD

Quick Facts

Asking Price: $220,000
Annual Revenue: $180,000
Net Profit: Not Disclosed
Cash Flow: $62,000
Total Debt: Not Disclosed
FF&E: $240,000
Real Estate: Not Disclosed
Year Established: 1989
Employees: 2
BBN Listing #: 61914447
Broker Reference #: 32970

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Business Overview:

A well established laundromat in Ocean County, New Jersey has become available.The owner has made considerable investment in replacing the older washers and dryers in the recent past.All of the fifty four (26W, 28D) are less than ten years old and half of these are less than three years old.The owner has reached an age where he no longer wishes to, and should certainly not, continue to drive the more than 150 miles back and forth between home and work. He does this 4 days per week and hires staff 3.5 days. The cost of that can certainly be reduced. Further, space is available to add a second 60 lb. washer which is in demand. The plumbing and electric in preparation for this addition has been run to the site.

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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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