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This Business has been Sold!
Closing Date: 06/06/2013

Business for Sale Summary

Established Laundromat - 22766

Business Type: laundromats,new to market
Established Laundromat
On June 6th 2013, The Undersigned
Acted as the Advisor to the Deal
Tom Patterson
Tom Patterson Senior Broker
Servicing: Bergen County NJ, Essex County NJ, Hudson County NJ, Passaic County NJ
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1(877) 735-5224 to discover the difference that is Vested Business Brokers.

Financial Information (non-confidential)

General Information
Asking Price $360,000 Down Payment $360,000
Gross Revenues $230,400 Lease Remaining Register Free to View
Owner’s Cash Flow $91,320 Number of FT Employees Register Free to View


$360,000 Down and Cash

Business Description

Pride of business ownership is clearly evident in this busy laundromat. Professionally managed with bright and clean appearance. Interior completely renovated just 6 years ago including all new machines, new air conditioning unit and 2 hot water heaters (backup always available). 30 washers and 38 dryers (all Wascomat) are perfectly maintained in 2,000 square feet. 12 off street parking spaces Monday through Saturday with additional 7 parking spaces available on Sundays. The business district location draws customers from 3 surrounding towns. Wash and fold business already established. 10 years remain on current lease. To start a laundromat by yourself would require $300,000 for the same machines alone plus installation costs, but with this opportunity you pay only $360,000 for the complete business. If you are serious about making money on day one of laundromat ownership, then make your inquiry today!

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.