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





Profitable Laundromat in a High Traffic Safe Area

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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

Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
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.
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.
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

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Seth Kain

Business Listed By:
Seth Kain

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Larry Bodner

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