RetailFor Sale in NJ
Financial & Assets Details
About the Business
Modern profitable Laundromat located in a large commercial mall of Middlesex County NJ. The facility consists of 2,600 square feet with thirty-three (33) commercial washers and thirty-six (36) dryers, newer furnace and boiler and all equipment is in excellent condition. The business has a long-term existing lease at a modest rent. The business has a gross income of $200,840 which also consists of residential wash & fold service, vending and dry cleaning. The business has two employees and the owner limits her work time to five weekdays, no evenings or weekends. The sale includes a full security camera system, private office and a clean modern rest room and all equipment is in excellent working condition.
Growth & Expansion
The owner has a poor marketing campaign and with an upgraded marketing plan this laundromat business can be substantially improved.
Regarding 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.
The facility consists of 2,750 square feet with a legal capacity for 65 customers and has been fully upgraded over the past few years. The business is modern with a clean attractive image. The facility has an attractive customer counter at the entrance, ample seating and lots of storage.
Support & Training
Seller will supply a full transitional period to the new operator and will remain post closing for thirty days after closing.
Reason for Selling:
The purpose of this sale is due to the owner’s retirement.