Laundromat, New Equipment LAUN325

Price: $199,900

Location: Essex County, New Jersey

Industry: Laundromat

Listing ID: LAUN325

Excellent business opportunity for this fully remolded laundromat with all new equipment located in highly populated urban city of Essex County, New Jersey. The business has a yearly projected gross income of approximately $200,000 and a consistent net yearly income. The laundromat has a consistent weekly income from wash and fold. The sale will offer a new ten-year lease at a monthly rent of $2,000 plus additional future options. The laundromat is conveniently located on a commercial avenue with various other successful businesses. The laundromat also offers a wash & fold service which represents a consistent percentage of their gross income and can be further developed. The wash & fold laundry services offer comforters, tablecloths, linens, blankets, drapes, suede, leather, area rugs and most anything you can think of. This is a dependable business opportunity. The sale includes a certificate of occupancy from the municipality and the required city licenses to conduct its day to day business. This industry does not require government agency approval to purchase other than the required municipal licenses and permits. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

Listing Details

Revenue: $200,000

FFE: $155,000 (Included in Price)

Form of Ownership:

C Corp

Terms and Conditions?:

The laundromat was recently upgraded in November 2020, and the yearly gross income represented by the owner is projected at approximately $200,000 and the business expects a consistent net yearly income based on an appropriate marketing campaign and prior to any debt service. The business has been valued at$199,900 based on the estimated asset value and the multiple of the projected net yearly income, owner financing is available. Inventory will be the responsibility of the purchaser based on wholesale value.

Training & Support:

Regarding training, the present owner is absentee and will supply appropriate post-closing training to the purchaser.

Operation

Days & Hours of Operation: Days and Hours of Operation, the business is active seven days per week, with hours from 7:00 am to 7:00 pm.

Absentee Owner?: Yes

Location

Security on Lease: $3000

Lease Option: Ten years

Monthly Rent: $2000

Type of Location: Commercial

Square Footage: 1150

Relocatable?: Yes

Facilities Information:

This retail facility consists of 1,140 square feet with an attractive professional appearance. The business is on an active commercial avenue located in Northern New Jersey, Essex County, in a highly populated city which consists tens of thousands of residents with continued demand for this particular service.

Ron Cervelli

contactus@regalconsultants.com

Fill Out Our NDA

Contact Us About This Listing

  • This field is for validation purposes and should be left unchanged.