Price: $220,000
Location: Union County, New Jersey
Industry: Laundromat
Listing ID: laun379
Newer laundromat business by landlord in an urban city of Union County, New Jersey. This is a fully self-service laundromat which atomically opens and closes and can be further improved with a new operator. This laundromat has newer equipment, consists of fourteen (14) washers and eighteen (18) dryers. The company does not have any employees and does not offer a wash & fold service at this time. This is a dependable safe business opportunity and now that the pandemic is over the income continues to improve. Owner financing is available to qualified buyers with an appropriate down payment and credit. The business fixed assets have an estimated value of approximately $170,000 plus infrastructure, which is specifically based on the original equipment and licensing buildout and replacement cost. This transaction consists of a fully equipped commercial laundromat, which includes, Washing Machines Fourteen.
4 – 55 lb. washer, Continental RMG 55
4 – 40 lb. washer, Continental RMG040
6 – 20 lb. washer, Continental EH020
18 pockets Dryers
5 – 45 pound, Continental Express Dry, KTT45
4 – 30 pound, Continental Express Dry, KTT30
required licenses, no web site, no social media venues, displays, shelving, no 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.
Listing Details
Revenue: $136,000
Cash Flow: $45,000
FFE: $170,000 (Included in Price)
Inventory: $1,000 (Included in Price)
Reason For Sale:
The purpose of this business transaction is due to the owner absenteeism, and he is a real estate investor with this property.
Training & Support:
The owner is the landlord, out of state and absentee and is prepared to supply an appropriate transitional period to the new owner.
Operation
Year Established: 2020
Owner Hours Per Week: absentee
Location
Security on Lease: Two Months
Lease Option: Yes, Available
Monthly Rent: 3,245
Type of Location: Active commercial Mall
Square Footage: 1,650
Relocatable?: Yes
Facilities Information:
This laundromat business opportunity is in Northern New Jersey, Union County, which consists of numerous highly populated communities with continued demand for this laundry service. This modern laundromat company which consists of approximately 1,600 square feet with an attractive appearance is located on an active commercial avenue with other local businesses.
Summary
Owner Qualifications:
For Qualifications purposes, this business opportunity industry does not require government licensing approval to purchase or operate other than the standard required municipal licenses.
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 business is new and will continue to develop and can be further expanded by the new operator with a marketing plan and local advertising to develop wash and fold. The business should also have a web site to improve the retail yearly gross sales.
Financing/Terms:
To be negotiated.
