Laundromat and Drop Store Combo in Elizabeth and Hoboken
Elizabeth, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $499,000 |
$535,000 |
$100,165 |
Furniture and Fixtures Value:
$100,000 (included in the asking price)
Real Estate:
$0 ( not included in the asking price)
Business Summary:
This is a laundromat and wash & fold drop store combo being sold as a package deal. The drop store is located in Hoboken it’s 1,000 sqft and the owner services the wash & fold at his laundromat in Elizabeth 2,000 sqft, The laundromat sales are 210k & the drop store generates 325k For a combined total of 535K in annual sales There is 137K in payroll That an owner/family could absorb. 39 washers 46 dryers, half of the equipment has been recently upgraded. The current owner oversees the operation only spending about 15 hours a week.
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| Number of Employees:
2 FT/ 6 PT |
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| Facilities / Terms of Lease:
Drop store 1,000 square ft and the Laundromat is 2000 square ft, With plenty of parking. |
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| Potential
Growth/Expansion:
Lots of room for growth to increase Wash & Fold business. |
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| Competition:
There is competition in the area. |
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| Owner
willing to train:
Yes |
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| Reason for selling:
Retiring |
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| REQUEST MORE INFO |
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