Coin Laundry

Essex County, NJ

Coin Laundry

Asking Price:$110,000

Cash Flow:$37,770

Gross Revenue:$172,800





*not included in asking price.

Coin Laundry

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Business Description

Location location location this laundromat is located amongst thousands of apartments directly behind the laundromat is a 750 unit apartment complex they share the same parking lot. That’s just one complex of many in the area and lots of new growth and apartments coming to the area. Located in strip mall with plenty of parking the laundromat is run absentee they pay A manager 24,000 a year which can be added back for an owner operator all machines are in great shape and well-maintained generation 5. 19 washers and 24 pocket dryer’s age of the equipment ranges from 10 to 20 years. Owner also owns the strip mall and will give a long-term lease for qualified tenant

Detailed Information

Not included in asking price
1,350 sq. ft. laundromat located in busy strip mall with plenty of parking all equipment is between 12-20+ years old generation “5” Wascomats with plenty of life left in them. They are work horses in the industry. Owner owns building and will give long lease.
There is competition in the area but it is not new competition so everyone is doing there fair shore of the business.
Growth & Expansion:
Owner operator can expand into a delivery service.
All Cash
Support & Training:
Seller will train
Reason for Selling:
Commute is too far

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Sponsoring Broker:
Larry Bodner

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