Modern Laundromat

Hillside, NJ
Union County

Active commercial area.

Asking Price: Annual Revenue:
$275,000 $155,000

Services: Dry Cleaning & Laundry

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RE: Modern Laundromat Broker: Customer Service
Owner Financing is Available!
Owner financing.

Quick Facts

Asking Price: $275,000
Annual Revenue: $155,000
Net Profit: $50,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $175,000
Real Estate: Not Disclosed
Year Established: 2019
Employees: 2
BBN Listing #: 16543909
Broker Reference #: LAUN 379

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Business Overview:

Newer laundromat business sold by landlord in an urban city of Union County, New Jersey. This is a full self-service laundromat which atomically opens and closes and can be further improved with a new operator. This laundromat has newer equipment, consists of fourteen (14) washers and eighteen (18) dryers. The company has now hired employees for wash & fold service at this time. This is a dependable safe business opportunity and now that the pandemic is over the income continues to improve. Owner financing is available to qualified buyers with an appropriate down payment and credit. This is an asset sale based on the value of the equipment and projected net yearly income. This sale represents an asset sale, based on the value of the equipment and moderate net income. The business fixed assets have an estimated value of approximately $170,000 plus infrastructure, which is specifically based on the original equipment and licensing buildout and replacement cost. This transaction consists of a fully equipped commercial laundromat, which includes, Washing Machines Fourteen.
4 – 55 lb. washer, Continental RMG 55
4 – 40 lb. washer, Continental RMG040
6 – 20 lb. washer, Continental EH020
18 pockets Dryers
5 – 45 pound, Continental Express Dry, KTT45
4 – 30 pound, Continental Express Dry, KTT30
required licenses, no web site, no social media venues, displays, shelving, no POS system, tables, computers, software including all the necessary equipment to maintain the day-to-day business operation and a list of assets will be supplied to purchaser upon request.

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Property Features and Assets:

For Qualifications purposes, this business opportunity industry does not require government licensing approval to purchase or operate other than the standard required municipal licenses.

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:

Absentee owner.

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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