Modern Laundromat Business
www.GlobalBX.com
Listing ID:
700314279
Listing Title:
Modern Laundromat Business
Quick Link:
http://www.globalbx.com/listing.asp?bId=314279
Industry:
Business Services
Industry Segment:
Laundry
Country:
United States
State / Province:
New Jersey
Area
City:
Bergen County
Asking Price Range:
$250K - $500K
Gross Revenues:
$279,000
Cash Flow:
$95,000
Cash Flow Type:
EBITDA
Year Established:
2014
Number of Employees:
1 - 3
Business Description:
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.
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