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#Business ID: 20198

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There are Laundromats in affluent areas

Business Location: Monmouth, New Jersey, United States

Asking Price: $ 159,000 Revenue: $ 230,000 Cash Flow: $ 62,752

Business Summary

Absentee money making Laundromat does a great deal of commercial business from all sources except restaurant in a 3 store strip 8 parking plus street parking. Washers Maytag & Huebsch 2/50lb, 3/35lbs, 8/20 lbs 7/20lbs top loader, 19 dryers plus 1/35lb.State highway. Wash/fold and Dry cleaning 55% of business plenty of schools in area does pick up for commercial customers. Reason this place is available at such a low multiple only 7 years left on lease- However new owner will be granted first right on referral on the purchase of small mall based upon fair market value and appraisal at the time. Over all this is very prosperous situation located in an affluent area.

For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.

Additional Details:

The property is leased.
This is not a homebased business opportunity.
This is not a franchise resale opportunity.

Property Details

Property Type:

Lease

FF&E:

$ 90,000

Other Business Details

Premise Details:

Set in small mall 8 car parking makes decent profit. 1,800 square feet 39 machines, option to buy building.

Competition:

Not too many Laundromats in area. This is one of the premier ones. Always busy however advertising and extra vending machines would increase bottom line.

Business Operation Details

Employees:

4

Support & Training:

The owner is willing to train/ assist the new owner.

Miscellaneous Details

Reason For Selling:

Profession change.

Contact this seller

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