Card System Renovated Laundromat In Essex County

Essex County, NJ

Asking Price: $1,600,000

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Business For Sale Details

Listed on Apr 16, 2024

Please be aware that this Laundromat was recently upgraded with all new equipment 2 1/2 yeras ago and will this store was shut down for 5 years prior to May of 2021. Ever since these stores re-opened, they have seen growth month after month. Numbers below reflect 6 months of numbers annualized.

6,000 sqft 61 washers 68 dryers all 2 1/2 years old Net Profit $284,599+/- 100% absentee parking for 13 spots currently landlord Will remove abandon small building and add an additional 10 more spots that will ad a total of 23 spots 25 year lease

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Financials (USD)

Asking Price $1,600,000

Cash Flow $284,599

Sales $687,969

Deal Terms

Represented by broker? Yes

Buyer Fee? No

Seller Financing? No

Willing to co-broke? No

Principals only? No

Franchise? No

Management will stay? Available On Request

Relocatable? No

Real Estate? No

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