Busy Laundromat In The Best Possible Location For Sale

Business description

Regal Consulting Corp. offers, for your consideration, information concerning the assets sale of a well maintained, high profit Laundromat in a prime area of Hoboken, New Jersey. This business has a gross yearly income of $410,000 and a consistent net income of $115,000. The present owner is fully absentee and the business can be improved with on site ownership and a marketing-advertising plan for additional wash & fold. The business is in an excellent urban professional location with lots of demand for continued service. The business supplies 70% wash and fold, 30 coin services. The equipment is fully upgraded with a computerized card system, two vehicles and a full time driver. The staff is very active with a huge amount of residential and commercial wash and fold business. The business has a large private parking area as part of the lease and rents out some of the parking spaces evenings and weekends, which does not disrupt the business and brings in additional income. Owner is retiring out of the area and financing has been preliminary arranged with 40% down. This is a most unusual opportunity due to the location and aggressive purchase price.

Property information

Real Estate:

Lease

Lease terms:

An existing lease expiring in 2016 and with additional options is available for transfer.

Leasehold rent:

$106,800 per annum

Location:

Facility consists of 3,000 square feet on a commercial avenue with a continued demand for laundry services.

Premises details:

A large private parking area is included in the sale.

Size in square feet:

3,000

Other information

Expansion potential:

With continued excellent service this business will maintain a solid income and return.

Competition / Market:

No similar competitors exist in the immediate area.

Support & training:

Seller will provide a full due diligence and transitional period.

Reasons for selling:

Relocating

Trading hours:

Monday Thru Sunday
7:00 am to 9:00 pm

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Financing is available with 40% down

Furniture / Fixtures value:

$275,000 (included in the asking price)

Inventory / Stock value:

$1,400