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Laundromat Business For Sale

12/wk
Passaic County, New Jersey, United States
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Asking Price$49,000
Revenue$60,000 Established1990
Cash Flow$20,000 EmployeesUndisclosed
FF&E$55,000* FranchiseNo
Inventory$1,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Laundromat business available with a gross income of $60,000 and a consistent net income of $20,000 yearly to the owner operator. The sale includes a long term ten-year lease agreement at a modest rent expense. The equipment is primarily Maytag consisting of standard age, fifteen washers and ten dryers and a ten-year-old Bradford boiler. The business has an assignable commercial lease which expires 2026-01-01 plus additional options, with a monthly rent of $1,150, $11.31 per square foot and rent security of $2,600. The business is located in a free-standing facility which consists of 1,200 square feet has a capacity for approximately fifteen customers. The business assets has an estimated value of approximately $55,000 which is strictly based on replacement cost and the sale consists of a fully equipped commercial laundromat, which includes washers and dryers, displays, shelving, tables, change machine 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 municipal parking near to the facility. The business is active seven days per week, with hours from 7:00 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. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply an appropriate investment return to the owner operator prior to debt service. Please do not disturb business, this sale is absolutely confidential, all viewings are by appointment only and photo does Not represent this particular business opportunity.
Facilities:The retail facility consists of 1,220 square feet and located on a commercial avenue with other local businesses. This business opportunity is located in Northern New Jersey Passaic County, which consists of a very high population with continued demand for this 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 and if improved can further develop the business bottom line net income.
Training/Support:The owner will remain post-closing in order to supply an appropriate transitional period to the new operator.
Sale Reason:The owner has an alternative business opportunity.
Ad #96761
Seller Reference #LAUN252
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
973-837-0808
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