LAUNDROMAT SOMERSET NJ LAUN373

Price: $350,000

Location: Somerset County, New Jersey

Industry: Laundromat

Listing ID: laun373

Modern laundromat business in a wonderful North Jersey community of Somerset County. The laundromat has thirty-four (34) washers and thirty-six (36) commercial dryers which are approximately seven years young. The equipment represents the highest quality brand washers and dryers with many years of continued use to the new owner. This laundromat business offers self-service, drop off, and pickup/delivery service to its many customers. The laundromat is a family owned and operated business that has been part of the community since 2000. They are not just your regular laundromat down the block but rather “The neighborhood” laundromat, where neighbors greet and socialize with each other while they do their laundry. They have been providing laundry services for years to the community and take pride in their work and are grateful for all their customers. This is a dependable safe business opportunity.

Listing Details

Revenue: $256,900

Cash Flow: $60,793

FFE: $210,000 (Included in Price)

Inventory: $500 (Included in Price)

Reason For Sale:

Owner retiring

Training & Support:

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

Operation

Year Established: 1995

Days & Hours of Operation: This successful business operation is active seven days per week, with hours from 9:00 am to 10:00 pm.

Location

Security on Lease: Two Months

Lease Option: Yes, Available

Monthly Rent: 5,500

Type of Location: Commercial Avenue

Square Footage: 3000

Relocatable?: Yes

Facilities Information:

This wonderful laundromat facility which consist of approximately 3,000, square feet, has a modern professional appearance. The business is on an active commercial avenue with various other successful businesses. This opportunity is in Northern New Jersey, Somerset County, and they service various highly populated communities and businesses with continued demand for this industry.

Summary

Owner Qualifications:

For Qualifications purposes, this business opportunity industry does not require government licensing approval to purchase or operate other than the standard municipal licenses and state weights & measures.

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 can be further expanded with a new operator, presently has a limited marketing plan, no local advertising, limited wash & fold, poor web site and if improved can further develop the business yearly gross sales.

 

Ron Cervelli

contactus@regalconsultants.com

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