Reduced Price / Absentee Laundromat Morris County - Business for Sale
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Absentee Laundromat with Wash & Fold in Morris County, NJ
NJ, US
Added 7 months ago
Personal Product & Service, Retail Stores
15 years in business
RemoteAbsentee / Semi-Absentee
Absentee-operated laundromat in Morris County, NJ offering self-service and wash & fold services with 15 washers and 36 dryers.
Key Information
Asking
$449K
Revenue
$311K
Earnings
$100K
Multiple
4.5x
Key Highlights
- Owner profits $8,000+ per month with very little involvement
- 15 washers and 36 dryers included
- 65% self-service, 35% wash & fold
- Equipment age: 15-20 years
- 1 full-time and 2 part-time employees
- Located in a large strip mall with ample parking
- Owner spent $50,000 in capital improvements
- Business established for 15 years
- Landlord willing to extend lease for qualified buyer
- Business is relocatable
Contact Info
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