Coin Laundromat - Business for Sale
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Absentee-Run Coin Laundromat in Union, NJ
Union, NJ, US
Added 3 years ago
Coin Laundromat / Laundry Services
11 years in business
Absentee / Semi-Absentee
Coin laundromat in Union, NJ offering self-service laundry, wash and fold, vending, and dry cleaning services, operated absentee with modern equipment and a remodeled 2,500 sq. ft. facility.
Key Information
Asking
$999K
Revenue
$445K
Earnings
$191K
Multiple
5.2x
Key Highlights
- Absentee monthly profits: $16,000
- Years established: 11
- 30 washers (4 years old) and 34 dryers (11 years old), all Heubsch equipment
- Business model: 65% self-service, 30% wash and fold, 4% vending/counter sales, 1% dry cleaning
- Facility size: 2,500 sq. ft.
- 14 years remaining on lease
- Located in Union, NJ, on a busy road near shore towns
Contact Info
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