Business For Sale

Absentee Ocean County Laundromat

Not Disclosed, NJ
Ocean County

Asking Price: Annual Revenue:
$120,000 $105,000

Services: Dry Cleaning & Laundry

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RE: Absentee Ocean County Laundromat Broker: Douglas Bodner

Quick Facts

Asking Price: $120,000
Annual Revenue: $105,000
Net Profit: $46,000
Cash Flow: $46,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 40
Employees: Not Disclosed
BBN Listing #: 6312979
Broker Reference #: 5933DB

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Business Overview:

This absentee Family Owned Coin Laundromat business consisting of over 2,000 square feet, is located in Ocean County, was established in that 1970’s and has been successful for over 40 years. This is a unique, easy and uncomplicated business opportunity. It is a self-sustaining operation requiring minimum hours from the owner. It is a perfect business for a single owner, husband and wife team or a partnership. Vending machines opportunities could easily be offered to increase business income as well as well as offering a wash/dry/fold service and by adding commercial accounts and deliver and would produce a substantial gross income annually. Business expenses are minimal. The facility is open 24 hours per day 7 days per week. Owning a coin laundry can be a very lucrative business as client provides most of the labor. This business is located on a heavily traveled major road; surround by apartment houses, trailer parks, B&B’S and motels other successful businesses.
These sales consist of a fully equipped and well-maintained laundromat which consists of:
(24) Maytag 18/20 lb. Washers, (2) Maytag 50lb washers, (1) Maytag Washer, (2) Wascomat 35lb. Washer, (26) Maytag Dryers, coin machine, shelving, tables and all the equipment needed to operate the business.

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Market Competition and Expansion:

Add wash and fold could add 10,000 to 15,000/year additional vending machines could be an add-on as well as offering service to commercial accounts + dryers would produce a subtending gross income anyway.

Reason for Selling:

Looking to retire and travel.

Additional Details:

  • The property is owned.
  • The owner is not 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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The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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