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625 Springfield Ave,Newark City, NJ 07103-1425 | Wright Home Realty

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+01-123-4567

Listing Details

625 Springfield Ave,Newark City, NJ 07103-1425

  • June 13, 2026

Description

Exceptional opportunity to acquire both the real estate and a well-established, family-owned laundromat business. Sold together, this turnkey operation offers stable income with future growth potential.The well-maintained laundromat features 23 washers, including several high-capacity machines accommodating up to 60 pounds, and 20 dryers. In addition to self-service laundry, the business offers wash-and-fold service by the pound. Previous pickup and delivery services have been discontinued, presenting an opportunity for a new owner to reintroduce the service and increase revenue.Recent improvements include newer heating and air conditioning systems (2025), a new coin change machine, newer basement hot water heater, and newer basement access door. Additional income sources include an ATM, snack vending machine, and beverage vending machine.Ideally located in a densely populated residential neighborhood surrounded by homes, apartments, restaurants, and local businesses. A bus stop for Routes 25 and 375 is located directly in front of the property, helping drive consistent customer traffic. Ample street parking adds further convenience.Current business hours are Monday-Friday 8:00 AM-8:00 PM and Saturday-Sunday 7:00 AM-8:00 PM. Financials available upon request.A rare opportunity to own a profitable, necessity-based business and the underlying real estate with established operations, recent upgrades, and upside potential.

Details

Last Updated On: June 13th, 2026 at 11:36 am
Property ID:PT-49701534-AXZR
Offer Type:For Business
Property Type:Business
Price: 210,000 $

Additional Details

Home Details

Basmnt/Desc: Yes - Bilco-Style Door, Unfinished, Walkout
Number of Lavatories: 2
Road Type: City/Town Street, Corner

Taxes, Fees & Assessments

Existing Lease: Seller Owns Building
Ownership Type: Sole Proprietorship
Gross Operating Income: 160000
Net Operating Income: 80000
Expense Operating: 80000
Documents Available: Financial Statements, Tax Returns

Utilities

Heat Source: Electric, Gas-Natural
Heating: 1 Unit, Baseboard - Hotwater
Cooling: 1 Unit, Central Air
Water: Public Water
Utilities: Electric, Gas-Natural
Sewer: Public Sewer
Services: Garbage Extra Charge

Other

Hours of Operation: 8a-8p M-F; 7a-8p Sat-Sun
Number of Employees: 2

Statistics

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