#Business ID: 19198

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Super Big High Volume Laundromat

Business Location: Essex, New Jersey, United States

Asking Price: $ 2,250,000

Revenue: $ 950,000

Cash Flow: $ 514,000

Business Summary

This Laundromat has a well below market rent with a 20 year lease.

Great location and an owner operator can really grow this business with creative promotion and advertising and added services.

Make a lot of money.

These large Laundromats with this sales volume and lease sell for much higher multiples.

A must look-at business opportunity.

Facilities: 4700 SF free standing store and full basement with 20+ parking. 106 washers 106 dryers. Rent $6,700/month all inclusive with 2% increases. Lease 5/5/5/5.

Property Details

Years Established:

2008

Property Type:

Lease

Other Business Details

Competition:

One of the largest Laundromats in the area. Open 24/7 with card system. Operated semi absentee with room to grow sales. Machines generate 85% of weekly sales.

Expansion Potential:

Wash & Fold can be increased from 8% of weekly sales and dry cleaning can be introduced.

Business Operation Details

Employees:

Support & Training:

Owner will transition.

Miscellaneous Details

Reason For Selling:

Retiring

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Super Big High Volume Laundromat

Business Summary

Property Details

Years Established:

Property Type:

Other Business Details

Competition:

Expansion Potential:

Business Operation Details

Employees:

Support & Training:

Miscellaneous Details

Reason For Selling:

Contact this seller

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Super Big High Volume Laundromat

Business Summary

Property Details

Years Established:

Property Type:

Other Business Details

Competition:

Expansion Potential:

Business Operation Details

Employees:

Support & Training:

Miscellaneous Details

Reason For Selling:

Contact this seller

Related Businesses for Sale

Selling a Business?

SellAnyBusiness.com

BUSINESS PAGES

COMPANY

BUY OR SELL SAFE

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