Price: $275,000
Location: Bergen County, New Jersey
Industry: Laundromat
Listing ID: laun381
Owner financing with $150,000 down payment, Profitable modern commercial laundromat located in a highly active community of Northern New Jersey and in the affluent highly populated county of Bergen. The laundromat consists of sixteen newer (16) washers and twenty-eight (28) newer dryers, offers a percentage of wash & fold service, vending. The business represents 40% wash & fold and 60%-coin income. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment with substantial growth potential to the owner operator prior to debt service. The business fixed assets have an estimated value of approximately $275,000 which is based on the original replacement / buildout cost, which includes equipment, licensing value. The sale consists of a fully equipped commercial retail laundromat, which includes displays, shelving, 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. The equipment is two to ten years young in excellent working condition.
Listing Details
Revenue: $125,000
Cash Flow: $50,000
FFE: $275,000 (Included in Price)
Inventory: $500 (Included in Price)
Reason For Sale:
The sale is due to the present owner’s alternative business responsibility which is a noncompetitive company and out of the general area.
Training & Support:
The owner will remain post-closing in order to supply an appropriate transitional period to the new owner / operator.
Operation
Year Established: 2021
Days & Hours of Operation: This successful laundromat business operation is active seven days per week, with hours from 7:00 am to 8:00 pm.
Owner Hours Per Week: Part time
Employees: This company has two employees who are unaware of the pending sale and fully expected to remain post-closing, and the monthly payroll is approximately $2,600.
Location
Security on Lease: 5,000
Lease Option: Yes, Available
Monthly Rent: 3,702
Type of Location: Commercial Avenue
Square Footage: 1,450
Relocatable?: Yes
Facilities Information:
This retail business opportunity is in Northern New Jersey, Bergen County, which consists of various highly populated communities with continued demand for this personal service. This retail facility, which consists of approximately 1,430 square feet, with a customer capacity of forty and has a clean modern and attractive appearance. The business is located on a very convenient county road on a commercial avenue with various other active and successful businesses.
