COMBINATION OPERATING LAUNDROMAT, CAR WASH, and REAL ESTATE. VALUE ADD INVESTMENT OPPORTUNITY in MILLVILLE, NJ, LOCATED IN URBAN ENTERPRISE ZONE!
The property, which includes both 701 E Main St and 701 Smith St, is strategically positioned on bustling Route 49, ensuring high visibility and heavy traffic. The Car Wash facilities include: 5 self-service cleaning bays, with 2 currently operational; 1 additional bay converted into a storage unit; 12 self-service vacuum stations; a well-built and maintained automatic tunnel, a significant asset that would cost nearly seven figures to replicate. The Laundromat Features: 33 washers, including 25 18lb washers, 4 50lb washers, 2 60lb washers, and 2 35lb washers, as well as 28 dryers to accommodate all laundry needs. Inside the Laundromat and in various locations around the self-service facilities you will find change machines, 2 vending machines, as well as laundry and car washing supplies for sale. What's more, the back of the laundromat boasts tons of storage, as well as two office spaces that could be used by the owner or rented out to another user. All of these offer more ways to create cashflow.
Car wash services are currently priced at $7 per retail wash. Self-service bays are charged at $1.50 per 4 minutes of use. Self-service vacuum stations available at 75 cents for 4 minutes. Washer charges range from $2.25 to $6.25, catering to different load sizes. Dryer charges vary between $1.25 and $1.50 per cycle. All of these are customizable and are definitely able to be raised at every level without losing customers. The owner hasn't raised prices in years, which makes for a great opportunity for the next owner. The property also comes completely outfitted with a surveillance system and alarm system monitored and recorded 24/7.
This is a classic value-add investment opportunity with room for service price adjustments, new signage, branding, website, and operational and logistical modernization. It is an established business with a loyal customer base, operated by the current owner for 40 years. Phenomenal growth potential in Millville, with new businesses and jobs on the horizon. Numerous avenues for a new owner to enhance and optimize operations, creating a lucrative venture.
This property represents more than just a business; it's an investment in a community poised for growth. The 701 E Main/Smith St property is ready for a new owner to step in, capitalize and improve on decades of success, and elevate it to new heights. Current owner suggests 2 employees (one for the tunnel, the other to watch laundromat, vacuums, and bays) is all it takes to make this business absentee owner. Don't miss the chance to discuss property details, financials, and strategies for maximizing profits. Call now to explore the potential of turning this property into a profit machine. Seize the opportunity and be part of Millville's thriving future! Tax information in listing is based on combining assessments and bills for 701 E Main St and 701 Smith, both of which convey with the sale.
