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Business for Sale Summary [Non-Confidential]

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Middlesex County, NJ

Business Type: retailing businesses,laundromats,services businesses,dry cleaning/ laundry services

Recorded Info
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Non-Confidencial Financial Infomation

  • Asking Price

    $135,000.00

  • Gross Revenues

    $121,548.00

  • Financing

    $ 135,000.00 Down and Seller is open to reasonable terms

  • Owner's Cash Flow

    $41,945.04

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Business Description

Reasonably priced, fully modernized and very nice laundromat located in a good, safe middle class neighborhood. Laundromat has 27 Maytag washers and 14 stacked dryers (total of 28). Present owner bought it 5 years ago and renovated everything--equipment, furnishings, walls, floors, etc. Nothing is older than 5 years. Includes wash and fold and drop-off dry cleaning. All machines are coin-operated and debit card ready. 60% of revenue is from coin machines, 36% is wash/fold, 3% drop off dry cleaning and 1% retail sales. The rent is very reasonable and the potential is there to increase the income (currently does no advertising or marketing or promotions). Other than a small vending machine, the laundromat does not sell laundry items, detergents, soaps, candy, soda or food. There is plenty of space to add a store within the store. This is a very solid business opportunity that generates a good cash income. Ideal for the first time buyer or the buyer looking for a second business (it includes a private office). Seller is relocating and must sell.

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