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Business for Sale Summary

Established Laundromat - 27923

Business Type: laundromats,misc. retail/non-classifiable,dry cleaning/ laundry services
Established Laundromat
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Financial Information (non-confidential)

General Information
Asking Price $150,000 Down Payment $150,000
Gross Revenues $90,000 Lease Remaining Register Free to View
Owner’s Cash Flow $60,000 Number of FT Employees Register Free to View

Financing

$150,000 Down and

Business Description

Located in a densely populated area of Essex County and on high trafficked street, this modern Laundromat boasts off-street parking for more than 50 cars, all new washers and dryers, a clean, modern interior and a significantly growing customer base as its nearby competitor closed its doors. Each month now exceeds the previous month in sales and profits and every month in 2016 surpassed the comparable month in 2015. The owner is now thinking about expanding the business by adding washing machines, moving drop-off laundry to a full size basement and sending flyers to a 350 and 200 unit apartment complex previously served by his competitor. If this business does not sell now, the owner will take it off the market or raise the price. The owner originally built this Laundromat for his mother to run but she opted for Arizona soon after. The owner is only able to work the business off-hours and now needs to devote more time to his busy construction business. Please contact the broker for further information at 1-877-735-5224.

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.

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.