Coin Laundromat Pack & delivery - Business for Sale
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Coin Laundromat with Delivery Service in Essex County, NJ
NJ, US
Added 10 months ago
Coin Laundromat with Pickup and Delivery Service
Coin laundromat in Essex County, NJ offering self-service and pick-up/delivery laundry services, operating from a strip mall location with 50 Dexter machines and three vans included.
Key Information
Asking
$1.2M
Revenue
$684K
Earnings
$307K
Multiple
3.9x
Key Highlights
- 50 Dexter machines, all less than five years old
- Business operates 7 days a week in a busy strip mall with 100+ parking spots
- 79% of sales are pick up and delivery (mostly credit card transactions), 21% self service
- 80% of pick up and delivery business is within Essex County; 20% in Bergen, Hudson, and Morris County
- Eight part-time employees: 4 drivers and 4 on-site workers
- Includes three vans
- 1,500 sq.ft. leased space with water and sewer included in rent
- 11 years remaining on lease; landlord open to extension
- Seller financing available: $900,000 down payment, $300,000 balance at 8% interest over 5 years
Contact Info
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