Profitable Laundromat in a High Traffic Safe Area

Somerset County, NJ

Seller Financing Available
Profitable Laundromat in a High Traffic Safe Area

Asking Price:$148,000

Cash Flow:$50,742

Gross Revenue:$154,698

EBITDA:N/A

FF&E:$75,000

Inventory:$200

Established:N/A

Profitable Laundromat in a High Traffic Safe Area

Get Financing Save Print Share Valuation Report

Business Description

Situated on a heavily-traveled thoroughfare in an area with several hotels & apartment complexes. Plenty of free strip mall parking. Owner has a well-organized, profitable wash & fold set up. Machines include: (15) Huebsch 30 lb stack dryers, (8) Speed Oven front loaders, (4) Huebsch 35 lb front loaders, (3) Huebsch 27 lb front loaders, (2) Dexter T-900 60 lbs & (2) T-600 40 lbs. Furniture, Fixtures, & Equipment valued @ $75,000 which includes some other assets. Financials are 2014 tax return figures. Landlord will give a long term lease to qualified buyers. New owner should continue to advertise locally. Contact Seth Kain @ 201-317-4710 for more details & showing.

Detailed Information

Inventory:
Included in asking price
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
All washers and dryers are in good condition since they are well-maintained. All other furniture fixtures and equipment are in good condition as well. Located in a strip mall in a high traffic area with plenty of free parking. There’s (7) months left on the present 5 year lease along with (5) one year options. Landlord would offer a long term lease with options to credit worthy tenants.
Competition:
There’s absolutely no competition for several miles. There are several nearby hotels, apartment complexes, and churches which bring in many customers.
Growth & Expansion:
A new owner should continue advertising in church bulletins. Book cover type ads have been very successful ads to date. Some additional advertising and promotions to the nearby hotels and to local area residents should be done as well.
Financing:
Owner prefers an “all cash” deal. He’d consider a small amount of seller financing i
Support & Training:
A minimum of 2 weeks training
Reason for Selling:
Owner is retiring

Listing Statistics for Premium Members

Ad#:1171896 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Seth Kain

Business Listed By:
Seth Kain

Executive Business Brokers

Show Phone Number

View My Listings


Sponsoring Broker:
Larry Bodner

Find out more...

Get more details about this business.


Similar Listings


OXXO Care Cleaners

Franchise Opportunity In NJ
Capital Required: $443,000