Business Summary:
The specific location of this laundromat in the heart of residential downtown Newark will never go away. Business will always thrive and get better as more low cost housing and elderly apartments keep going up in this immediate area. Brand new equipment. 3 years left on original warranty. Wash and fold. Attendant present at all times, run comfortabl absentee. Well laid out. 2,000 sq. ft. store. Equipment all HUIBSCH - 2 yrs old. 20-25 lb ($2.00) wash 8-45 lb ($3.50) -8-65 lb. ($5.50). Great amount of large families in area. Also has good money in area in 58-25 lb dryers -94 pieces of equipment. Also has 2 coin changers, 1 soap dispenser and store owner soda/snack machines plus internal camera system. Business is on steady upward spiral for the 6 years owner has had this business. Great deal of business communcants of nearby church. Facility has separate side room office, bathroom, boiler room, and flatscreen tv plus plenty of work tables.
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| Year
Business was Established: 1994 |
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| Number of Employees:
2 |
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| Facilities / Terms of Lease:
2,000 sq. ft. in a strip mall setting. Plenty of parking. Good 10 year lease. All machines 2 years of age, 3 yrs. left on warranty. |
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| Potential
Growth/Expansion:
Day owner operator of any fairly large size laundromat in Newark can increase business. Go to New motels located in the Newark airport area and pick up there. There are plenty these modetels who are looking for legitimate operators of laundromats to give them their business. Promotions are alays beneficial for laundromats for slower days although there specific laudromat doesn't seem to have any of these days. |
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| Competition:
There are no full service laundromats in this midle setting of Newark for miles. This specific laundromat has great following because of its location. Virtually no competition. |
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| Owner
willing to finance:
owner wants all cash |
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| Owner
willing to train:
2 weeks |
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| Reason for selling:
owner wants to get back into deli business. |
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Seller Reference Number: 3573vm
BusinessMart.com Listing Number: 37000 |
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