LAUNDROMAT Best Offer. LAUN357

Price: $75,000

Location: Bergen, New Jersey

Industry: Laundromat

Listing ID: LAUN357

Modern profitable laundromat located in a prime area of Bergen County, NJ and conveniently located in an active commercial mall with many other successful businesses including a Shoprite supermarket. The business has a yearly gross income of approximately $150,000 during the pandemic and a consistent net yearly income, with additional income available based on a semi absentee owner operator. The company offers wash & fold which consists of approximately 35% of the gross sales. This company has no marketing plan which can further increase gross sales. The average coin laundry saves their community millions of gallons of water over the course of a year. This laundromat assists their customers by offering wash & fold service, so laundry day no longer has to take “the entire day, rather freeing time allowing the opportunity to rather than spend the weekend doing laundry, their customers take advantage of the wash & fold service. This is a dependable safe business.

 

Listing Details

Revenue: $150,000

FFE: $75,000 (Included in Price)

Inventory: $500 (Included in Price)

Reason For Sale:

The sale is due to the owner’s retirement after many successful years in this industry.

Training & Support:

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

Summary

Competition:

There is a limited number of competitors in this particular area, 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 developed by instituting a website, marketing advertising plan and delivery service representing an increase in the yearly gross income

Ron Cervelli

contactus@regalconsultants.com

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