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Laundromat/Dry Cleaners Drop

Union County, New Jersey

Asking Price: Gross: Cash Flow:
$178,000 $224,000 $85,684

Furniture and Fixtures Value:
$100,000 (included in the asking price)

Business Summary:
Turnkey operation that is run absentee. Successful Laundromat with an excellent reliable employee staff. (They will stay on). Repeat customer business that enjoys the size of the Laundromat along with the service with a smile creates current consistent sales volume. 40% Coin, 40% wash & fold, 20% dry cleaners drop. Other income – vending machines. A must visit.

 
   
   
Year Business was Established: 1998
   
Number of Employees: 3  
   
Facilities / Terms of Lease: 3,000 sq. ft., excellent condition. 7 years left in lease – negotiable landlord  
   
Potential Growth/Expansion: Yes – can add two more wash machines  
   
Competition: None  
   
Owner willing to train: 2 weeks  
   
Reason for selling: Relocate  
 

 

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