MODERN LAUNDROMAT. laun365

Price: $159,000

Location: Middlesex County, New Jersey

Industry: Laundromat

Listing ID: laun365

Modern profitable Laundromat located on an active commercial avenue of Middlesex County NJ. The facility consists of 1,800 square feet with nineteen (19) newer commercial washers and twenty-four (24) dryers, newer furnace and boiler and all equipment is in particularly good working condition. The business will offer a long-term lease at a modest rent. The business has a gross income of approximately $155,000 Plus $30,000 of residential wash & fold service, vending and dry-cleaning total yearly income of $185,000. The business has two employees, and the owner limits her work time to a part time schedule, no evenings, or weekends. The sale includes a full security camera system, private office and a clean modern rest room and all equipment is in excellent working condition.

Listing Details

Revenue: $150,000

Cash Flow: $45,000

FFE: $95,000

Inventory: $1,000

Reason For Sale:

Owner retiring

Training & Support:

Seller will supply a full transitional period to the new operator and will remain post closing for thirty days after closing.

Location

Security on Lease: Two Months

Lease Option: Yes, Available

Monthly Rent: 3200

Type of Location: Commercial Avenue

Square Footage: 1800

Relocatable?: Yes

Facilities Information:

The facility consists of 1,800 square feet with a legal capacity for forty-five customers and has been well maintained during the past few years. The business has an attractive image.

Summary

Competition:

Regarding competition, to the best of our knowledge, 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 no marketing system and with an upgraded advertising plan this laundromat business can be substantially improved.

Ron Cervelli

contactus@regalconsultants.com

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