Highly Profitable-Absentee Laundromat For Sale - Business for Sale
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Absentee-Run Automated Laundromat in Passaic, NJ
NJ, US
Added 3 months ago
Personal Product & Service, Retail Stores
5 years in business
RemoteAbsentee / Semi-Absentee
Automated laundromat offering wash & fold, pickup and delivery, and dry cleaning services located in Passaic, NJ.
Key Information
Asking
$550K
Revenue
$375K
Earnings
$138K
Multiple
4.0x
Key Highlights
- Absentee-run operation
- 5 years in business
- 61 machines: 31 washers (15-18 years old), 30 dryers (less than 2 years old)
- New Laundroworks payment system (installed within 1 year, $40K+ value)
- 15-year lease in place
- Rent: $6,310/month (water included)
- Open 7 days a week, 6am-10pm (attended until 7pm)
- Business is relocatable
Contact Info
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