Busy Laundromat in the Best Possible Location!
| Asking Price: | $425,000 | Inventory: | $1,400 ++ |
| Gross Revenue: | $410,000 | Real Estate: | n/a |
| Cash Flow: | $115,000 | FF&E: | $275,000 ** |
| ++ included in the asking price ** not included in the asking price | |||
Regal Consulting Corp. offers, for your consideration, information concerning the assets sale of a well maintained, high profit Laundromat in a prime area of Hoboken, New Jersey. This business has a gross yearly income of $410,000 and a consistent net income of $115,000. The present owner is fully absentee and the business can be improved with on site ownership and a marketing-advertising plan for additional wash & fold. The business is in an excellent urban professional location with lots of demand for continued service. The business supplies 70% wash and fold, 30 coin services. The equipment is fully upgraded with a computerized card system, two vehicles and a full time driver. The staff is very active with a huge amount of residential and commercial wash and fold business. The business has a large private parking area as part of the lease and rents out some of the parking spaces evenings and weekends, which does not disrupt the business and brings in additional income. Owner is retiring out of the area and financing has been preliminary arranged with 40% down. This is a most unusual opportunity due to the location and aggressive purchase price.
About the Business
Year Established:1992
Employees:6 full time -
Facilities:Facility consists of 3,000 square feet on a commercial avenue with a continued demand for laundry services. An existing lease expiring in 2016 and with additional options is available for transfer. A large private parking area is included in the sale.
Market Outlook and Competition:No similar competitors exist in the immediate area.
About the Sale
Management Training and Support:Seller will provide a full due diligence and transitional period.
Reason For Selling:Relocating
Seller Financing:Financing is available with 40% down payment.
KEYWORDS: With continued excellent service this business will maintain a solid income and return.
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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