Coin Laundromat

Essex County, NJ

Coin Laundromat

Asking Price:$229,000

Cash Flow:$57,820

Gross Revenue:$130,000





*not included in asking price.

Coin Laundromat

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Business Description

This is a well-maintained laundromat with lots of foot traffic, very clean and spotless inside. It is currently run by the owner who also owns the building and will give a long-term favorable lease. The owner works about 65 hours a week with a part-time worker that works about 15 to 20 hours a week. Seller is looking to retire and is looking for a good Tenant. 20 washers (6yrs old) & 20 dryers (15yr old) all Heubsch. Seller keeps meticulous record keeping and can demonstrate the numbers to any qualified buyer. 20% Wash and Fold and 80% Self Service.

Detailed Information

Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
1600 sq. ft. Coin laundromat 20 washers, 20 dryers, Heubsch Washers 6 years old and Dryers 15 years old. This is a very well maintained laundromat. Seller owns building and will give a long term lease.
Little competition
Growth & Expansion:
Can all a delivery service and other vending. Currently there is no vending.
Support & Training:
Seller will train
Reason for Selling:
Wants to retire and just collect rent

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Business Listed By:

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Sponsoring Broker:
Larry Bodner

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