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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Laundromat Opportunity
(Services, Dry Cleaning, Laundromat)
Hunterdon County , NJ
Listed Price: $ 79,900
Listing ID: LAUN278

Listing DetailsGross Revenue: $ 80,000
FFE: $ 65,000 (Included in Price)
Inventory: $ 500
Reason for Sale:

The purpose of this business transaction is due to the owner's absenteeism.


Training & Support:

 

 

The owner will remain after the closing and is prepared to supply an appropriate transitional period to the new owner / operator.

 


OperationsYear Established: 2005
Days & Hours of Operation: Mon.-Sun. 6am-10pm
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 5000
Monthly Rent: $ 2,800
Square Footage: 1500
Facilities:

This laundromat consists of approximately 1,500 square feet with a clean attractive professional appearance. The business is in a mid-size commercial mall with various other active and successful businesses. This opportunity is in Northern New Jersey, Hunterdon County, which consists of many new housing developments in the general area.


SummaryBusiness Description:

Attractive Laundromat located in an active mall located in Northern New Jersey, Hunterdon County with no expense to well water and septic. The business is on a busy county road and the area has many new residential building units to be completed within the next two years. Regarding employees and payroll, this laundromat company does not have any employees and is maintained as an absentee business opportunity. The business transaction will have a new commercial lease which expires 2021, plus additional options available, with a monthly rent of $2,800, all in, cost per square foot is estimated at $22.40 and rent security of approximately $5,000. The business fixed assets has an estimated value of approximately $65,000 which is based on the original set up cost of the equipment, licensing, buildout replacement expense, tangible & nontangible, in addition to the multiple of the existing net yearly income. This successful laundromat business operation is active seven days per week, with hours from 6:00 am to 10:00 pm, also opens and closes its doors automatically. The business has been valued / priced at $79,900 which is based on a multiple of the net yearly income and includes the value of the specific business assets. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.


Competition:

Regarding competition, there are no other competitors in the area and to the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

The business can be further expanded by the new operator, with wash & fold service, a web site and a limited marketing plan, which can further develop the business yearly gross sales.


Financing/Terms:

N/A