NOT DISCLOSED, New Jersey
| Asking Price |
$7,200,000 |
Year Established |
2001 |
|
| Annual Revenue |
$1,214,000 |
Reason for Selling |
|
|
| Annual P/L |
$0 |
Attention |
Larry Bodner |
|
| Annual Cash Flow |
$795,000 |
Listing Number |
1018735 |
|
| # of Employees |
|
Business Category |
Services: Dry Cleaning & Laundry |
|
Business Overview:
Premier Laundromat & Commercial Real Estate Investment Opportunity – Essex County, NJ
Offered at $7.2 million, this exceptional investment opportunity combines a high-performing, established laundromat with a 9,000-square-foot, three-tenant commercial building in Essex County, New Jersey. With more than 25 years of operating history, the flagship 4,000-square-foot laundromat features 111 Huebsch Galaxy 600 machines installed during a full renovation in 2019, a modern Card Concepts Laundry Card payment system, and 24 on-site parking spaces. Generating approximately $1.21 million in annual sales, the business benefits from a strong market position, premium pricing power, and multiple revenue streams, including self-service laundry and wash-and-fold services. Its long-standing customer base and experienced team provide an established operational foundation for a new owner.
The property further strengthens the investment with three established commercial spaces, including the laundromat, a martial arts studio, and a dental office, creating a diversified income-producing asset that combines business cash flow with commercial real estate income. The building benefits from a highly visible, signalized corner location, convenient access, and a trade area serving both dense urban and suburban populations. With a reported combined annual cash flow of $795,040, including $624,224 from the laundromat and $170,816 in building net operating income (NOI), this offering presents an opportunity to acquire an established operating business and income-generating real estate under one ownership. For investors seeking a substantial commercial asset with multiple income sources, an established operating history, and long-term growth potential, this is a compelling opportunity.
Property Features and Assets:
Market Competition and Expansion:
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity