Coin Laundromat with Big Potential
Essex County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $139,000 |
$293,156 |
$64,160 |
Furniture and Fixtures Value:
$0 ( not included in the asking price)
Inventory Value:
$0 ( not included in the asking price)
Real Estate:
$0 ( not included in the asking price)
Business Summary:
Crystal clean, well-maintained laundromat - 39 washers 39 Dryers. Prime location in one of the highest traffic intersections in NJ (23-25k avg cars per day). Placed between attention-grabbing retailers Starbucks & CVS. Very strong wash & fold business with clear capability to grow given the resident profile in the area (15 minutes from the Caldwells, Livingston, Roseland, Essex Fells). Only one other laundromat within 6-mile radius. 3 points of access/exit to front & rear parking. POS system, 64% self-service, 35% WnF & 1% other. Current owner lives in London and runs the business remotely. Added 30k back to reflect an owner-operator.
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| Year
Business was Established: 1988 |
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| Number of Employees:
4PT |
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| Facilities / Terms of Lease:
2700 sq ft laundromat, 39 washers, 39 dryers, plenty of parking |
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| Potential
Growth/Expansion:
Owner operator can expand wash & fold |
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| Competition:
None |
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| Owner
willing to train:
Yes |
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| Reason for selling:
Owner cannot operate business from overseas |
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| REQUEST MORE INFO |
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