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Businesses For Sale > Business For Sale in Morris County, New Jersey (NJ)

Absentee Coin Laundromat for sale in Morris County, NJ

Morris County, New Jersey (NJ)

Asking Price: Gross: Cash Flow:
$ 435,000 $ 375,941 $ 99,090

Business Summary:
Well established Morris County absentee run Laundromat. The owner currently runs laundromat from out of state the 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 drycleaning 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 w/f income is local delivery. You could set up and do dry cleaning on-premise.

 

   
Year Business was Established: 40
   
Number of Employees: 6pt  
   
Potential Growth/Expansion: 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 other affluent surrounding towns. As well as pick up some commercial accounts.  
   
Competition: Very little competition in the area  
   
Owner willing to train: Seller will stay on for a transition period  
   
Reason for selling: Seller looking to retire.  
   
Seller Reference Number: 7566db
BusinessMart.com Listing Number: 256456
 

 

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For more info contact:

Larry Bodner

Executive Business Brokers
908-851-9040

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