913 Buyers Online Now
Buy Business Sell Business Business Brokers My Account

Modern Laundromat For Sale

Bergen County, New Jersey, United States
Photos Website Map
Asking Price$450,000
Revenue$279,000 Established2014
Cash Flow$95,000 Employees2 full-time
FF&E$475,000* FranchiseNo
Inventory$2,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Ultra-modern, three-year young, approximately 3,000 square foot, commercial laundromat located in Bergen County, Northern New Jersey on an active county road in a highly popular mall. This wonderful business opportunity consists of forty high capacity newer laundromats and forty new dryers. The business presently has an absentee owner and requires on site ownership and a marketing system to further develop. The laundromat presently has a solid income which continues to expand monthly. This industry does not require government agency approval to operate. This laundromat business has two employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $3,284. The business has an assignable commercial lease which expires 2025-01-01 Plus additional options, with a monthly rent of $6,700, rent per square foot is approximately $26.32 and rent security $12,600. The business facility which consists of 3,000 square feet has a capacity for approximately seventy-five customers. The business assets have an estimated value of $475,000 based on replacement costs, and the sale consists of a fully equipped commercial retail laundromat, which includes forty commercial Dryers & Laundromats, displays, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate private mall parking on site as part of the commercial lease. The business is active seven days per week, with hours from 6:00 am to 10:00 pm. The sale includes a certificate of occupancy from the municipality and the required city licenses to conduct its day to day business. The 2017 yearly gross income is approximately $279,000 and a previous net income of $95,000 based on an owner operator and prior to debt service. The business has been valued based on the asset value and a multiple of the net yearly income. Asking price is $450,000. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a solid investment return to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.
Facilities:This modern retail laundromat facility which consist of approximately 3,000 square feet has a clean appearance and is in a mid-size commercial mall with various other active and successful businesses on a busy county road with easy access. The laundromat opportunity is in Northern New Jersey, Bergen County, in a highly-populated city which consists of various affluent communities with continued demand for this personal service industry.
Competition:To the best of our knowledge due to various circumstances, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.
Growth Potential:The business presently has a limited marketing plan, poor web site, must develop an improved wash and fold customer base, and if improved can further develop the business net income.
Training/Support:The owner will remain post-closing for a minimum of 30 days in order to supply an appropriate transitional period to the new operator.
Seller Financing:Available to a qualified buyer with an appropriate down payment.
Sale Reason:The owner has alternative businesses South Jersey and out of the general area.
Ad #100968
Seller Reference #LAUN262
The information in this ad has been provided by the business seller or representative stated on this ad. BuyBusiness.com 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. Please read our Terms of Service before responding to any ad on our website.
Contact This Seller
Ron Cervelli
Regal Consulting Corp.
Email Address