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Coin Laundromat for sale

Middlesex County, New Jersey

Asking Price: Gross: Cash Flow:
$325,000 $172,130 $77,735

Business Summary:
Well-established laundromat 22 washers, 19 dryers, equipment is manufactured by Dexter/adc stack dryers. Long-term lease in place the current owner opens and closes the store seven days a week about 91 hours a week, he has no payroll. 57% self-service, 26% wash and fold, and 17% other. The seller can verify all income 1700 sqft. Owner is looking to retire after 14 years.

 
   
   
Year Business was Established: 50
   
Potential Growth/Expansion: Can increase wash & fold business.  
   
Competition: Little competition in area.  
   
Owner willing to train: Seller will stay on to train  
   
Reason for selling: Looking to retire.  

 

 

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