1(877) 735-5224
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Business for Sale

Established Laundromat
Essex County, NJ

Listing #27923

   
Financial Information (non-confidential)
Asking Price $150,000.00 Gross Revenues $90,000.00
Down Payment $150,000.00 Owner’s Cash Flow $60,000.00

Financing: $150,000.00 Down and

Reason for Selling:he has a demanding construction business and cannot devote time to the business.

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.
Gerald Nimberg
Senior Business Broker
646-269-4616
gnimberg@vestedbb.com
Servicing Area:
Burlington County, NJ
Mercer County, NJ
New Castle County, DE
Philadelphia County, PA
Gerald Nimberg

Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.

1(877) 735-5224 | 24 Woodbine Ave, Suite #204 Northport, NY 11768 | vestedbb.com

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