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Jersey Shore Coin Laundromat

Ocean County, New Jersey

Asking Price: Gross: Cash Flow:
$300,000 $163,000 $59,000

Inventory Value:
$500 ( not included in the asking price)

Business Summary:
Ocean County Laundromat located off major highway in a major strip mall with plenty of parking. 25 washers 25 dryer’s all in great shape seller recently upgraded most of the equipment. 59% self-service 37% wash and fold 4% other. Plenty of room for growth to expand wash and fold and pick up some commercial accounts. Landlord willing to give long-term lease. Laundromat is run absentee and they have 4 part-time employees covering all shifts. $200,000 down and the remaining can be financed over 4 years at a 6.5% interest rate. Motivated seller call Doug to take a tour today 908 851 9040 x 204

 
   
   
Year Business was Established: 15
   
Number of Employees: 4 P/T  
   
Facilities / Terms of Lease: 1800 sq. ft. located in major strip mall with plenty of parking 25 washers and 25 dryers most of the time equipment has been upgraded.  
   
Potential Growth/Expansion: Lots of opportunity for commercial accounts and wash and fold pick up and drop off  
   
Competition: Little competition in market  
   
Owner willing to finance: Bank Financing Available  
   
Owner willing to train: yes  
   
Reason for selling: Seller moving out of state  
 

 

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