For Sale: Commercial Laundromat
Not Disclosed, NA Not Disclosed
Asking Price:
$3,500,000
Annual Revenue:
$2,387,997
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- RE: For Sale: Commercial Laundromat
- Contact: Douglas Bodner
Quick Facts
| Asking Price: | $3,500,000 | |
| Annual Revenue: | $2,387,997 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $1,038,279 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 5,000,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 30 | |
| Employees: | 30 | |
| BBN Listing #: | 56042979 | |
| Broker Reference #: | 20995DB |
Business Overview:
Well established 30 year Commercial and Retail Laundromat located in Union county, NJ with a trending NET $1,000,000 ( /-) annually for 2023 with recurring income. 127 machines all under 5 years old with new dryers. Very diversified portfolio as there is retail coin operated laundromat 16% on one side, and a commercial laundry facility 52% on the other side servicing established hotels, restaurants 12%, and wash and fold pick-up and delivery service 17% as well as dry cleaning 3%. Lots of opportunities for growth on the revenue side, very little marketing.-1.2 Million Downpayment for interested buyers
-Seller Financing Available.
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Property Features and Assets:
-7,000 square-foot Commercial and laundromat facility laundromat takes up about 3000 ft.² and the commercial side is about 4000 ft.² all equipment is less than five years old -Long Lease available -Competition in market -Very little competition -Expansion potential -This company is well-established and does not do any advertising, new owner operator can expand into more hotels, restaurants and residential pick up and delivery business.Market Competition and Expansion:
-Very little competition.Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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