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If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

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Laundromat For Sale

Location  New Jersey,United States
Asking Price Range  < $250K
Gross Revenues  $400000
Net Profit / Cash Flow  $80000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1980
Number of Employees  4 - 5
Inventory  $175,000 equipment & $1,000 inventory.
Relocatable  No
Number of Employees  4 - 5
Real Estate  Leased
Training  Seller will supply a transitional period to new operator & remain post closing 30 days.
Reason for Sale  The owner is relocating and has been transferred out of state.
Description  Laundromat business located in a commercial area of Northern NJ. This business was established in 1990 and is well known for its location and commercial wash & fold service. The income consists of coin wash & dry laundry and commercial wash & fold service which represents approximately forty (40%) of the business income. The business has a consistent amount of commercial accounts for wash and fold service which represents a continued income return to the owner. This particular facility which is 2,500 square feet is clean modern with an attractive professional appearance.The sale includes 32 dryers, 38 washers, soap vending machine, transfer machine, coin machine, Natco boiler, clothing conveyor, folding tables, commercial scale, etc. Based on the asking price and net yearly income, this business should supply a 30% return to the owner operator prior to debt service. The equipment is in excellent condition, fully computerized and uses a modern card system rather than coins. The business produces a gross income of $420,000 and a consistent net return to the owner. The facility has private parking of which the owner leases after business hours which represents additional income. The sale includes a full staff of experienced employees including a delivery van and full time driver. The facility is 2,500 square feet with a clean modern appearance on a commercial avenue. The facility has private parking which represents additional income to the business. Located in a densely populated urban area of Hoboken, New Jersey with a large number of residential units who service this business. This is an excellent town to operate a laundry business with limited competitors and a moratorium for new Laundromats.
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