Reduced Price / Absentee Laundromat Morris County

This absentee-operated laundromat in Morris County is a profitable business opportunity, featuring 15 washers, 36 dryers, vending machines, an ATM, Bitcoin ATM, and a charging station. With 65% self-service and 35% wash & fold, the laundromat is well-maintained, with equipment averaging 15-20 years in age. Currently staffed by one full-time and two part-time employees, the business offers great potential for an owner-operator to boost profitability by taking on more payroll. Located in a large strip mall with ample parking, the landlord is willing to extend the lease for a qualified buyer, making this a fantastic turn-key investment. FYI with very little involvement owner profits $8,000+ a month.
Owner spent $50,000 in capital improvements. Owner operator can absorb $30,000 if they eliminate highest paid employee.