Active Laundromat
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $180746
Net Profit / Cash Flow $48315
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1985
Number of Employees 4 - 5
Inventory 125000 Equipment & 1000 Inventory
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training The seller will remain 30 days after closing and supply a long term transitional period.
Reason for Sale Retiring out of the industry due to a full time work position.
Description Solid business opportunity to own a profitable Laundromat in a highly active commercial mall, located in Northern New Jersey, Morris County. The business is in a busy mall with various successful businesses that attract a large volume of daily shoppers & workers. The Laundromat is on a four lane high traffic county road with a huge population of residentts minutes from US 80 & Highway 46. This Laundromat is active seven days per week and is fully staffed with 1 full time and 3 part time employees, offering wash and fold services. The business has twenty eight washers and twenty eight dryers consisting of Maytag equipment considered the best in the industry. The business produces a gross of income of $180,746 and a consistent net yearly income of $48,315. The owner is primarily absentee with a full time job and family, cannot maintain the time to manage this active Laundromat business, a must to see to fully appreciate.
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