Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

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

Location:

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

Employees:
6 pt
Years established:
40

Other Information

Support & training:

Seller will stay on for a transition period

Listed by

Executive Business Brokers

Contact Executive Business Brokers

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here