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Listed by:

Executive Business Brokers

Absentee Coin Laundromat In Morris County For Sale

Morris County, New Jersey, US
Asking Price:
$435,000 (USD)
Sales Revenue:
$375,941 (USD)
Cash Flow:
$99,090 (USD)

Well established Morris County absentee run Laundromat. The owner currently runs laundromat from out of state operation runs very smoothly six employees. Numbers reflect absentee ownership an owner-operator can absorb most of payroll. 18 washers and 19 dryers all in good condition. On average about 15 years old +/-. The seller is very detailed and can provide supporting data. One delivery van, 2 dry cleaning racks full basement surveillance cameras, etc. Located in a strip mall with plenty of parking long-term lease in place. Beautiful website breakdown of sales 41% wash and fold income, 27% self-service, 22% dry cleaning, 9% Laundered shirts & 1% other. About 42% of the w/f income is local delivery. You could set up and do dry cleaning on-premise.

Property Information


This is located in an ideal location established 40 years this 2000 square foot. The laundromat has 18 washers and 19 dryers are in good shape as well as a delivery van dry cleaning racks surveillance cameras etc. Located in a vibrant strip mall with plenty of parking long-term lease available.

Business Operation

Expansion Potential:

There is plenty of room for growth for an owner-operator currently in the store is run 100% absentee new owner can absorb payroll as well as expand into affluent surrounding towns. As well as pick up some commercial accounts.

Competition / Market:

Very little competition in the area

Reasons for selling:

Seller looking to retire

Trading hours:

Mon-Thur 7:30am- 8:30pm, Fri & Sat 7:30am-7:00pm, Sun 7:30am-5:30pm

6 pt
Years established:

Other Information

Support & training:

Seller will stay on for a transition period

Listed by

Executive Business Brokers

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