Modern five-year young profitable laundromat located in an upscale and active area of Essex County, and in the Montclair / Bloomfield New Jersey area. This active laundromat was fully remolded 2011 with New commercial washers and dryers, which consists of a fully equipped computerized card system with credit card acceptance. The business has a huge potential to expand based on a more active owner with an improved marketing system. The new owner can also institute well water which would substantially decrease the yearly cost of utilities and increase the net profit. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator prior to debt service. This industry does not require government agency approval to purchase. This retail facility which consist of 1,500 square feet has a modern professional and attractive appearance. The business is in a mid-size mall with various other active and successful businesses. This opportunity is located in Northern New Jersey, Essex county, which consists of various highly populated communities with continued demand for this particular service. This laundromat business has two full time & two-part time employees, who are unaware of the pending sale and fully expected to remain post-closing, monthly payroll of approximately $5,306. The business has an assignable commercial lease which expires 2035-01-01 plus additional options, with a monthly rent of $4,125 and rent security $8,000. The business is located in a free stranding facility which consists of 1,200 square feet has a capacity for approximately fifteen customers. The business assets, based on replacement value, have an estimated value of approximately $290,000 and the sale consists of a fully equipped commercial laundromat retail operation, which includes twenty newer commercial washers, fourteen 30 pound commercial dryers, all equipment is five years young and all equipment consist of a modern card system.

Posted Sep 13, 2016

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