HS Listing ID-71809

Annual Figures:

Gross Revenue: $498,922

Net Profit: $173,422

Expenses:

Payroll: $90,000

Rent/Taxes/CAM: $120,000

Electric: $18,000

Gas: $20,000

Water: $28,000

Insurance: $18,000

Repairs & Maintenance: $24,000

Soap & Supplies: $7,500

Operations & Equipment

~4,000 SF laundromat with 102 machines — 50 washers and 52 dryers — a mix of Continental and Maytag equipment

Well-maintained, modern fleet: a portion roughly 3 years old and the remainder roughly 7 years old (all under 10 years)

Runs on the ESD card payment system — a proven, industry-standard cashless platform that replaced coin-op

“Cents” POS in place, supporting wash-and-fold pickup and delivery

Loyal, trained staff of three (two full-time, one part-time) known for excellent customer service

Semi-absentee friendly — established staff plus remote sales/machine monitoring suit an owner who checks in weekly as needed

Current hours 6 AM–10 PM (last wash 8:30 PM)

Lease & Property

Long-term lease with ~30-year total runway (10-year initial term plus four 5-year renewal options), with approximately 15 years remaining through ~2041 — a secure, long-horizon location for a new operator

Current rent $10,000/month, all-in (CAM included)

Location & Market

Situated in a densely populated, fully urban Bergen County community with a large built-in residential customer base within walking distance

A majority-renter market with significant older housing stock, meaning many residents lack in-unit laundry — the core laundromat customer profile

Minutes from the affluent Hudson “Gold Coast” communities — a ready market for premium wash-and-fold service

Positioned away from the largest competitors, with steady, resilient local demand

Growth Opportunities

Scale wash-and-fold pickup and delivery (e.g., DoorDash and similar platforms), targeting the nearby Gold Coast demographic

Upgrade to app-enabled, tap-to-start machines (e.g., ESD’s EMV/mobile readers) to boost convenience and further cut cash handling

Extend toward a 24-hour operating model to capture additional revenue

Significant untapped upside for a hands-on operator willing to modernize (business grossed ~$600,000 in its peak years)

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION