Business Summary:
Crystal clean, well-maintained laundromat - 39 washers 39 Dryers. Prime location in one of the highest traffic intersections in NJ (23-25k avg cars per day). Placed between attention-grabbing retailers Starbucks & CVS. Very strong wash & fold business with clear capability to grow given the resident profile in the area (15 minutes from the Caldwells, Livingston, Roseland, Essex Fells). Only one other laundromat within 6-mile radius. 3 points of access/exit to front & rear parking. POS system, 64% self-service, 35% WnF & 1% other. Current owner lives in London and runs the business remotely. Added 30k back to reflect an owner-operator.
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