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Business for Sale Summary

Boutique Laundromat for sale in New Jersey - 34802

Business Type: seller financing available,laundromats
Owner Financing
Boutique Laundromat for sale in New Jersey
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Financial Information (non-confidential)

General Information
Asking Price $125,000 Down Payment $75,000
Gross Revenues $120,000 Lease Remaining Register Free to View
Owner’s Cash Flow $30,800 Number of FT Employees Register Free to View

Financing

$75,000 Down and 50K at 6% over 60 months

Business Description

This well established boutique laundromat is located in Essex County, NJ offering 19 coin operated washers and 16 dryers to walk in customers. The business runs 7 days per week including holidays due to automatic doors which opens at 6 am and closes at 10 PM. In order to minimize labor costs, the current owner has a part time attendant. There is also wash and fold which represents 40% at this time, but is growing every year thanks to many upgrades including speed queen dryers and large machines, water heater upgrade, roof top unit and cash machine. One full time and two part time attendants keep the business running smoothly with little owner oversight. Doesn't this sound like a great business? It is! Call today and it could be your new business. Seller retiring.

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.