Somerset County, NJ Laundromats and Coin Laundry Businesses For Sale

Laundromats and Coin LaundryNew JerseySomerset

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Modern Laundromat
$450,000Cash Flow: $86,346Seller Financing
Modern Laundromat

Somerset County, NJ

Recently available, remodeled, modern laundromat business in a wonderful North Jersey community of Somerset county. The laundromat has thirty-four (34) newer washers and thirty-six (36) commercial dryers which are approximately seven years young. The equipment represents the highest quality brand washers and dryers with many years of continued use to the new owner. This laundromat business offers self-service, drop off, and pickup/delivery service to its many customers. The laundromat is a family owned and operated business that has been part of the community since 2000. They are not just your regular laundromat down the block but rather “The neighborhood” laundromat, where neighbors greet and socialize with each other while they do their laundry. They have been providing laundry services for years to the community and take pride in their work and are grateful for all their customers. Regarding employees and payroll, as an absentee owner, this laundromat will require two full time employees at a monthly cost of $3,276. The employees are unaware of the pending sale. The payroll is routinely based on an hourly minimum wage and the staff is fully expected to remain post-closing. The transaction will include a new long-term lease with a monthly rent of $5,800, rent security will be required. The business fixed assets has an estimated value of approximately $388,000 which is specifically based on equipment, licensing, and facility replacement cost. This successful laundromat operation is active seven days per week, with hours from 7:00 am to 9:00 pm. The 2017 yearly gross income represented by the seller owner is $262,829and the business has a yearly net income of approximately $86,346 based on an onsite owner operator and prior to any debt service. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.


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