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Business for Sale Summary

Absentee Laundromat for sale in Ocean County - 33974

Business Type: absentee business,laundromats
Absentee Laundromat for sale in Ocean County
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This business has received 132 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $295,000 Down Payment $295,000
Gross Revenues $287,000 Lease Remaining Register Free to View
Owner’s Cash Flow $91,000 Number of FT Employees Register Free to View

Financing

$295,000 Down and

Business Description

Reasons to Love this Laundromat: Absentee Owned, Management in Place, Growing Year by Year, Provable Volume, Detailed Tax Returns, P & L Statements, Financeable, Provides Unique Commercial Service with Considerable Growth Potential. Located in Ocean County, New Jersey, this established, 45 years young, laundromat is up for sale. Ownership is retiring. Equipment is virtually all new: 22 washers and 26 dryers are all less than six years old. Washers range in size from 20 to 77 lbs to handle any size load. State of the Art tankless water heating system that shuts off at night to cut costs. Accurate measuring and dispensing system that controls loading of soaps, softeners, detergents, bleach and stain removers- operator free, add coin and walk away- designed for major hotels to lower labor costs and minimize material costs. Energy efficient bulbs. Equipped with a modern alarm and video surveillance system. And the air conditioning system is new. There is not another commercial laundromat like it; capacity to process large volume commercial accounts is unmatched; reputation in that sector is likewise unmatched. Drive long distances in any direction before you find another laundromat like it and that will not change. The cost of starting a new laundromat will exceed $750,000. Work the business, cut payroll and generate even greater income. For further information, contact Gerald Nimberg at 646-269-4616 for more information.

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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.