Profitable Laundromat Business for Sale in Newark, New Jersey
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Financial Details
- Asking Price:
- $649,000
- Annual Revenue:
- $520,000
- Cash Flow / SDE:
- $130,000
- Valuation Multiple:
- 5.0x
- Location:
- Newark, NJ, US
- Source:
- Date:
- April 10, 2025
Key Highlights
- Profitable laundromat business for sale in Newark, NJ.
- Newly signed 10-year lease with renewal options, 52 washers, and 36 dryers.
- Annual gross sales of $520,000 and net income of $130,000.
Description
A profitable laundromat business is available for sale in a prime location in Newark, NJ. The business has a newly signed 10-year lease with options for renewal, 52 washers, and 36 double-stacked dryers. Gross sales are reported at $520,000 annually, with a net income of $130,000 per year. The facility is 4,750 sq ft with rent at $31.50 per sq ft. Payroll expenses are $85,000 per year.
Industry Information
- Industry Description:
- Business Services
- Classification:
- Service Businesses
Listing Details
- Listing ID:
- 55ab79ce-0e3a-4504-997b-0148ab350237
- Deal Status:
- For Sale
- Date Posted:
- April 10, 2025
- Last Updated:
- May 26, 2025
- Currency:
- USD
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