LAUNDROMAT

RetailFor Sale in Somerset, NJ

Listing ID: LAUN378 | Broker Listing ID: BLP036172

Financial & Assets Details

Revenues: $376,000

Cash Flow: $77,099

FF&E: $160,000

Inventory: $500

Inventory Inc. in Price: Yes

Square Feet: 3000+/-

About the Business

Year Established: 2000

Employees: 2ft

Lease Amount: $4,500

Seller Financing: Yes

Franchise Resale: Yes

Business Description

Modern attractive laundromat business in a wonderful North Jersey community of Somerset County. The laundromat has thirty-four (34) washers and thirty-six (36) commercial dryers which are approximately seven years young. The equipment represents the highest quality brand washers and dryers with many years of continued use to the new owner. This laundromat business offers self-service, drop off, and pickup/delivery service to its many customers. The laundromat is a family owned and operated business that has been part of the community since 2000. They are not just your regular laundromat down the block but rather “The neighborhood” laundromat, where neighbors greet and socialize with each other while they do their laundry. They have been providing laundry services for years to the community and take pride in their work and are grateful for all their customers. This is a dependable safe business opportunity.

Growth & Expansion

The business can be further expanded with a new operator, presently has a limited marketing plan, no local advertising, limited wash & fold, poor web site and if improved can further develop the business yearly gross sales.

Seller Financing

Market Competition:

To the best of our knowledge, due to various circumstances, 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.

Location Details:

This wonderful laundromat facility which consist of approximately 3,000, square feet, has a modern professional appearance. The business is on an active commercial avenue with various other successful businesses. This opportunity is in Northern New Jersey, Somerset County, and they service various highly populated communities and businesses with continued demand for this industry.

Support & Training

With respect to training period the owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.