Busy Laundromat In The Best Possible Location
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $410000
Net Profit / Cash Flow $115000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1992
Number of Employees 6 - 9
Inventory 275000 Equipment only
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training Seller will provide a full due diligence and transitional period.
Reason for Sale Relocating out of state.
Description Regal Consulting Corp. offers, for your consideration, information concerning the assets sale of a well maintained, high profit Laundromat in a prime area of Hoboken, New Jersey. This business has a gross yearly income of $410,000 and a consistent net income of $115,000. The present owner is fully absentee and the business can be improved with on site ownership and a marketing-advertising plan for additional wash & fold. The business is in an excellent urban professional location with lots of demand for continued service. The business supplies 70% wash and fold, 30 coin services. The equipment is fully upgraded with a computerized card system, two vehicles and a full time driver. The staff is very active with a huge amount of residential and commercial wash and fold business. The business has a large private parking area as part of the lease and rents out some of the parking spaces evenings and weekends, which does not disrupt the business and brings in additional income. Owner is retiring out of the area and financing has been preliminary arranged with 40% down. This is a most unusual opportunity due to the location and aggressive purchase price.
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