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Modern Laundromat Business
Location: United States -> New Jersey -> Bergen County
Industry: Business Services > Laundry

Business Summary

Ultra-modern, three-year young, approximately 3,000 square foot, commercial laundromat located in Bergen County, Northern New Jersey on an active county road in a highly popular mall. This wonderful business opportunity consists of forty high capacity newer laundromats and forty new dryers. The business presently has an absentee owner and requires on site ownership and a marketing system to further develop. The laundromat presently has a solid income which continues to expand monthly. This industry does not require government agency approval to operate. This laundromat business has two employees who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll $3,284. The business has an assignable commercial lease which expires 2025-01-01 Plus additional options, with a monthly rent of $6,700, rent per square foot is approximately $26.32 and rent security $12,600.

The business facility which consists of 3,000 square feet has a capacity for approximately seventy-five customers. The business assets have an estimated value of $475,000 based on replacement costs, and the sale consists of a fully equipped commercial retail laundromat, which includes forty commercial Dryers & Laundromats, displays, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. The facility has appropriate private mall parking on site as part of the commercial lease. The business is active seven days per week, with hours from 6:00 am to 10:00 pm. The sale includes a certificate of occupancy from the municipality and the required city licenses to conduct its day to day business. The 2017 yearly gross income is approximately $279,000 and a previous net income of $95,000 based on an owner operator and prior to debt service. The business has been valued based on the asset value and a multiple of the net yearly income.


Asking Price Range:  $250K - $500K
Gross Revenues:   $279,000
Cash Flow:   $95,000
Cash Flow Type:  EBITDA
Inventory:  $475,000
Seller Financing:  Yes

About The Business

Year Established:  2014
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  The owner will remain post-closing for a minimum of 30 days in order to supply an appropriate transitional period to the new operator.
Reason For Selling:  The owner has alternative businesses South Jersey and out of the general area.

Print Listing Id: 700314279
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