Value In This Laundromat
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $260000
Net Profit / Cash Flow $73000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1977
Number of Employees 6 - 9
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training The owner is willing to train & consult for a reasonable period of time.
Reason for Sale Health related reasons.
Description This is a coin operated laundromat. The price for wash and fold services is 85 cents per pound. This price is competitive to other laundry facilities in the area. The owner provides a discount on Saturday and Sunday for the wash and fold. On these days the price per pound is 75 cents. Ninety percent of revenues are generated from walk in traffic. The other 10% is drop off. There is value in this laundromat. The business serves a predominately Columbian market with middle to lower income individuals. The business reaches this market by running ads and distributing flyers. Contact for more information on this Laundromat for sale.
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