Laundromat Owner Finance. LAUN360

Price: $145,000

Location: Essex County, New Jersey

Industry: Adult Club

Listing ID: LAUN360

Water included in rent, Solid business opportunity for this laundromat which reopened for business in October 2021, with a growing gross income. The owner absentee recently hired the first employee and is now doing wash and fold service. The price and terms represent an asset sale with owner financing, based on the equipment replacement vale. Call if you have any questions. Asset Sale, for this recently reopened six-month old Laundromat September 2021 located on a commercial avenue of Essex County, New Jersey. The facility consists of 1,700 square feet, modern equipment, with 16 washer 50,40,35,30,20 lb. and twenty-two (22) commercial dryers, excellent furnace and boiler and all equipment is in appropriate working condition. The business has a long-term existing lease at a modest rent. The business projected a consistent gross income and will offer additional services.

The present weekly income is $2,500, yearly gross of $125,000 with a net yearly $45,000 to $50,000 net yearly income, the 2022 gross sales are projected at $3,000 weekly with a consistent net yearly income.

 

Listing Details

Revenue: $125,000

Cash Flow: $50,000

FFE: $70,000 (Included in Price)

Inventory: $500 (Included in Price)

Reason For Sale:

The present weekly income is $2,500, yearly gross of $125,000 with a net yearly $45,000 to $50,000 net yearly income, the 2022 gross sales are projected at $3,000 weekly with a consistent net yearly income.

Training & Support:

Seller will supply a transitional period to the new operator and will remain post-closing.

Location

Monthly Rent: Two Months

Type of Location: Commercial Avenue

Square Footage: 1,700

Relocatable?: Yes

Facilities Information:

Located on an active commercial avenue near numerous other businesses in a highly active community. This laundromat business is located on a county road, near the Garden State Parkway, conveniently location in a highly populated urban city with a substantial population. The facility has a full unfinished storage basement. The facility consists of 1,700 square feet with a legal capacity for 65 customers and has been redecorated over the past few years. The business is modern with a clean attractive image. The facility has an attractive customer counter at the entrance, ample seating, and lots of storage.

Summary

Owner Qualifications:

No specific qualifications are required.

Competition:

Regarding competition, 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 owner has a limited marketing campaign and with an upgraded marketing plan this laundromat business can be substantially improved.

Financing/Terms:

Owner Financing

Ron Cervelli

contactus@regalconsultants.com

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