Laundromat and Drop Store Combo in Elizabeth and Hoboken

Elizabeth, NJ (Union County)

Laundromat and Drop Store Combo in Elizabeth and Hoboken
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Asking Price: $499,000

Cash Flow: $100,165

Gross Revenue: $535,000

EBITDA: N/A

FF&E: $100,000

Inventory: N/A

Rent: $3.90 /Month

Established: N/A

Laundromat and Drop Store Combo in Elizabeth and Hoboken

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Business Description

This is a laundromat and wash & fold drop store combo being sold as a package deal. The drop store is located in Hoboken it’s 1,000 sqft and the owner services the wash & fold at his laundromat in Elizabeth 2,000 sqft, The laundromat sales are 210k & the drop store generates 325k For a combined total of 535K in annual sales There is 137K in payroll That an owner/family could absorb. 39 washers 46 dryers, half of the equipment has been recently upgraded. The current owner oversees the operation only spending about 15 hours a week.

Detailed Information

Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
N/A
Employees:
2 FT 6 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Drop store 1,000 square ft and the Laundromat is 2000 square ft, With plenty of parking.
Competition:
There is competition in the area
Growth & Expansion:
Lots of room for growth to increase Wash & Fold business.
Support & Training:
Seller will train new buyers
Reason for Selling:
Retiring
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DOUGLAS BODNER

Business Listed By:
DOUGLAS BODNER

Executive Business Brokers

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Sponsoring Broker:
Larry Bodner

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