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Listed by:

Executive Business Brokers

Established Coin Laundromat With $300k Net In Middlesex For Sale

Middlesex County, New Jersey, US
Asking Price:
$1,550,000
Sales Revenue:
$509,444
Cash Flow:
$310,000

Key points 24 hours, but all infrastructure is in place to open/close automatically, including lights and TV if needed.

Pay-range app, New HVAC rooftop plus split ductless ATM/vending new Money Maker machines are new 40's, 60's, and 55 lbs. dryers)

High margin on vend prices, wnf, and pickup and delivery 20-year lease.

There is lots of private parking.

Property Information

Real Estate:

Lease

Lease Terms:

Lease ends 02/01/2045

Premises Details:

# of washers: 22 washers (10 washers are new/newer; remaining are 15 years old; well maintained) (4x60 lbs, 8 x40 lbs, 2x30 lbs, and 8x10 lbs) # of Dryers: 32 dryers (12 New/newer double stack dryer 55lbs; remaining 10 dry -Size: 1600 ft2 -Private/plenty Parking -24 hrs (8am-8pm staffed; 8pm-8am unattended -Net Profit (monthly) $25,865-->Annual=$310,376 -Lease Ends 02/01/2045 -ATM and Snack / soda vending 2 years old -Soap Vending machine -Payrange -Automatic door, lights, TV already installed if needed to cancel 24 hrs - huge gross margins on the wash

Size in square feet:
1,600

Business Operation

Trading hours:

24 hours (8am-8pm staffed)
8pm-8am (unattended)

Other Information

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

60% seller financing available to qualified buyers.