Laundromat - Great Area

  • Listing# : 13530
  • Listed Price : $99,000
  • Total Sales : $150,000
  • SIC : 7215
  • Down Payment : $99,000
  • Status : Active
  • Discretionary Earnings : $34,520

Business Type :

Cleaning / Coin Laundry, Cleaning / Cleaning/Clothing, Cleaning / Commercial Laundry

Business Description :

Laundromat located in a great Union County Town with 27 washers and 22 dryers. This laundromat is well established and can grow substantially by growing the wash and fold service and commercial accounts. 

The business produces a gross of income of approximately $120,000 and a consistent net income. WASH and FOLD service is generating approximately $1,000 per week and growing. Drop off and delivery service to local businesses has also enhanced  this prime location. Add a website and promote on social media to grow the business.  

Densely populated with new apartments being built to accommodate nearby train and bus lines. The customers are here and more are coming. An owner can easily increase this business with the proper direction as the present owner has a full time career with increasing demands. The buyer can increase revenue and income in a short time with added wash and fold customer.  

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl :
    • Inventory $500
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $62,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $5,000
    • Incl : Yes
    • Total Assets $67,500
    • Incl : Yes

Lender Prequalified: No

Similar Listing :

Cleaning