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Listed by:

Executive Business Brokers

Laundromat And Drop Store Combo In Elizabeth For Sale

Elizabeth, New Jersey, US
Asking Price:
$499,000
Sales Revenue:
$535,000
Cash Flow:
$100,165

This is a laundromat and wash & fold drop store combo Being sold as a package deal. The drop store is located in Hoboken it’s 1,000 sqft And he services the wash & fold at his laundromat in Elizabeth 2,000 sqft, The laundromat sales are 210k & the drop store generates 325k For a combined total of 535K in annual sales There is 137K in payroll That an owner/family could absorb.39 washers 46 dryers half the equipment Has been recently upgraded. The current owner oversees the operation only spending about 15 hours a week.

Property Information

Real Estate:

Real Property Included

Location:

Drop store 1,000 square ft and the Laundromat is 2000 square ft, With plenty of parking.

Size in square feet:
2,000

Business Operation

Expansion Potential:

Lots of room for growth to increase Wash & Fold business.

Competition / Market:

There is competition in the area

Reasons for selling:

Retiring

Employees:
2 full time 4 part time
Years established:
15+

Other Information

Support & training:

seller will train new buyers

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