Listing ID: 71809

Business Overview

Annual Figures:

Gross Revenue: $498,922

Net Profit: $173,422

Expenses:

Payroll: $90,000

Rent/Taxes/CAM: $120,000

Electric: $18,000

Gas: $20,000

Water: $28,000

Insurance: $18,000

Repairs & Maintenance: $24,000

Soap & Supplies: $7,500

Operations & Equipment

~4,000 SF laundromat with 102 machines — 50 washers and 52 dryers — a mix of Continental and Maytag equipment

Well-maintained, modern fleet: a portion roughly 3 years old and the remainder roughly 7 years old (all under 10 years)

Runs on the ESD card payment system — a proven, industry-standard cashless platform that replaced coin-op

“Cents” POS in place, supporting wash-and-fold pickup and delivery

Loyal, trained staff of three (two full-time, one part-time) known for excellent customer service

Semi-absentee friendly — established staff plus remote sales/machine monitoring suit an owner who checks in weekly as needed

Current hours 6 AM–10 PM (last wash 8:30 PM)

Lease & Property

Long-term lease with ~30-year total runway (10-year initial term plus four 5-year renewal options), with approximately 15 years remaining through ~2041 — a secure, long-horizon location for a new operator

Current rent $10,000/month, all-in (CAM included)

Location & Market

Situated in a densely populated, fully urban Bergen County community with a large built-in residential customer base within walking distance

A majority-renter market with significant older housing stock, meaning many residents lack in-unit laundry — the core laundromat customer profile

Minutes from the affluent Hudson “Gold Coast” communities — a ready market for premium wash-and-fold service

Positioned away from the largest competitors, with steady, resilient local demand

Growth Opportunities

Scale wash-and-fold pickup and delivery (e.g., DoorDash and similar platforms), targeting the nearby Gold Coast demographic

Upgrade to app-enabled, tap-to-start machines (e.g., ESD’s EMV/mobile readers) to boost convenience and further cut cash handling

Extend toward a 24-hour operating model to capture additional revenue

Significant untapped upside for a hands-on operator willing to modernize (business grossed ~$600,000 in its peak years)

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

Business Owners: We represent qualified clients that are very interested in buying all types of businesses. If you have any interest in selling your business at this time or in the near future please contact me at info@hedgestone.com. Our buyers are already qualified and willing to invest their time and money toward a business like yours. All communications are kept STRICTLY CONFIDENTIAL.

CONSENT TO TEXT MESSAGING: By entering your mobile phone number, you expressly consent to receive text messages from Hedgestone Business Advisors. Message and Data rates may apply.

FOR INTERESTED PARTIES PLEASE CALL US AT (561) 593-3711

Financial

  • Asking Price: $950,000
  • Cash Flow: $173,422
  • Gross Revenue: $498,922
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: No
  • Established: N/A

Detailed Information

  • Property Owned or Leased:Lease
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Yes.

Purpose For Selling:

Other business interests.