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Laundromat For Sale

Warren County, New Jersey, United States
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Asking Price$79,000
Revenue$55,000 EstablishedUndisclosed
Cash Flow$25,000 Employees1 full-time
FF&E$38,000* FranchiseNo
Inventory$1,500* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Laundromat on a commercial avenue in Northern New Jersey, Warren County for 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 consistent investment return to the owner operator prior to debt service. Well-established - Serving the local community from this location for many years, brand new, high-efficiency hot water boiler, and owner will supply a new lease with options. Clean, comfortable environment with 42" Flat Screen and Cable television. Tremendous opportunity to increase revenue. This company has one-part time employee who is unaware of the pending sale and fully expected to remain post-closing, and the monthly payroll is approximately $1,250. The business has an assignable commercial lease which expires 2028-01-01 plus additional options, with a monthly rent of $1,800, cost per square foot is estimated at $12.00 and rent security of approximately $2,000. The business is in a free stranding commercial facility, on an active avenue and county road, consists of approximately 1,350 square feet and has an estimated capacity for twenty customers. The business fixed assets has an estimated value of approximately $38,000 which is based on equipment and licensing replacement cost and the sale consists a fully equipped commercial retail laundromat store, which includes of 23 washers, 15 dryers, new boiler, TV, displays, shelving, tables, 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 and municipal parking on site as part of the commercial lease. This successful laundromat business operation is active seven days per week, with hours from 7:00 am to 10:00 pm. The sale includes all required documentation including a certificate of occupancy from the municipality and the required state or city licenses to conduct its day to day business. Please call for additional information. 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 laundromat consists of 23 washers & 15 dryers, with a clean appearance. This business opportunity is in on an avenue with other businesses located in Warren County, New Jersey.
Competition:Competitors presently exist in the industry and to the best of our knowledge, due to the cost of construction, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Growth Potential:The business presently has a no marketing plan, or web site and if improved can further develop the business yearly gross sales. Owner currently does no advertising - Good opportunity to increase revenues by offering wash and fold, etc.
Training/Support:The owner will remain after the closing to supply an appropriate transitional period to the new owner / operator.
Seller Financing:To be discussed.
Sale Reason:To be discussed.
Ad #97486
Seller Reference #LAUN255
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Contact This Seller
Ron Cervelli
Regal Consulting Corp.
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