HS Listing ID-71809
Annual Figures:
Gross Revenue: $498,922
Net Profit: $173,422
Expenses:
Payroll: $90,000
Rent/Taxes/CAM: $120,000
Electric: $18,000
Gas: $20,000
Water: $28,000
Insurance: $18,000
Repairs & Maintenance: $24,000
Soap & Supplies: $7,500
Operations & Equipment
~4,000 SF laundromat with 102 machines — 50 washers and 52 dryers — a mix of Continental and Maytag equipment
Well-maintained, modern fleet: a portion roughly 3 years old and the remainder roughly 7 years old (all under 10 years)
Runs on the ESD card payment system — a proven, industry-standard cashless platform that replaced coin-op
“Cents” POS in place, supporting wash-and-fold pickup and delivery
Loyal, trained staff of three (two full-time, one part-time) known for excellent customer service
Semi-absentee friendly — established staff plus remote sales/machine monitoring suit an owner who checks in weekly as needed
Current hours 6 AM–10 PM (last wash 8:30 PM)
Lease & Property
Long-term lease with ~30-year total runway (10-year initial term plus four 5-year renewal options), with approximately 15 years remaining through ~2041 — a secure, long-horizon location for a new operator
Current rent $10,000/month, all-in (CAM included)
Location & Market
Situated in a densely populated, fully urban Bergen County community with a large built-in residential customer base within walking distance
A majority-renter market with significant older housing stock, meaning many residents lack in-unit laundry — the core laundromat customer profile
Minutes from the affluent Hudson “Gold Coast” communities — a ready market for premium wash-and-fold service
Positioned away from the largest competitors, with steady, resilient local demand
Growth Opportunities
Scale wash-and-fold pickup and delivery (e.g., DoorDash and similar platforms), targeting the nearby Gold Coast demographic
Upgrade to app-enabled, tap-to-start machines (e.g., ESD’s EMV/mobile readers) to boost convenience and further cut cash handling
Extend toward a 24-hour operating model to capture additional revenue
Significant untapped upside for a hands-on operator willing to modernize (business grossed ~$600,000 in its peak years)
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
