Price: $139,900
Location: Bergen County, New Jersey
Industry: Laundromat
Listing ID: DRCL255
Wonderful business opportunity consisting of two separate modern businesses at the same location, a commercial laundromat and a fully operational dry-cleaning plant. This business opportunity is located in Bergen County, New Jersey with convenient parking. This is a full self-service laundromat which offers wash and fold and a dry-cleaning service. The facility consists of 1,700 square feet, updated equipment, with ten washers and thirteen (13) commercial dryers, newer furnace and boiler and all equipment is in appropriate working condition. The business has a long-term existing lease at a modest rent. This is a business opportunity priced to sell due to the owner’s retirement as a dependable safe transaction. The business fixed assets have an estimated value of approximately $105,000 which is based on the replacement cost of the original equipment, buildout expense, licensing, and the yearly net income. This transaction consists of a fully equipped commercial laundromat, which includes ten washers, thirteen dryers, and required licenses. Also included is a turnkey commercial dry cleaner with updated equipment, web site, limited social media venues, displays, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day-to-day business operation and a list of assets will be supplied to purchaser upon request. The dry-cleaning machine requires replacement.
Listing Details
Revenue: $153,880
Cash Flow: $43,034
FFE: $120,000 (Included in Price)
Inventory: $500 (Included in Price)
Reason For Sale:
The purpose of this business transaction by the family is due to owner’s retirement.
Training & Support:
The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.
Operation
Year Established: 1990
Days & Hours of Operation: This successful laundromat business operation is active six days per week, with hours from 8:00 am to 6:00 pm.
Owner Hours Per Week: Full Time
Employees: This dry cleaning/laundromat business has three full-time employees who are unaware of the pending sale, based on an hourly basis, monthly payroll is approximately $2,700.
Location
Security on Lease: Two Months
Lease Option: Yes, Available
Monthly Rent: 3250
Type of Location: Commercial Avenue
Square Footage: 1750
Relocatable?: Yes
Facilities Information:
This laundromat business opportunity is in Northern New Jersey, Bergen County, which consists of various affluent and highly populated communities with continued demand for this personal service. This long-standing retail company which consists of approximately 1,70 square feet with an attractive appearance is located on an active commercial avenue near to various other commercial businesses.
