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This Business has been Sold!
Closing Date: 06/29/2018

Business for Sale Summary

Established Laundromat in Middlesex County, NJ - 30611

Business Type: retailing businesses,service businesses,laundromats
Sold
Established Laundromat in Middlesex County, NJ
On June 29th 2018, The Undersigned
Acted as the Advisor to the Deal
Gerald Nimberg
Gerald Nimberg Senior Broker
Servicing: New Castle County DE, Philadelphia County PA, Burlington County NJ, Mercer 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 $35,000 Down Payment $35,000
Gross Revenues $65,000 Lease Remaining Register Free to View
Owner’s Cash Flow $20,000 Number of FT Employees Register Free to View

Financing

$35,000 Down and Terms to be determined

Business Description

This 20-year-old Middlesex County laundromat is absentee owned and managed. Profitable as is, it becomes even more so for an owner-operator who can cut payroll and advertise the service. There is absolutely no advertising done of any kind. Also, there is room to sell soaps and add a dry-cleaning drop-off location to further increase profits. The current owner has owned this business for less than one year. He owns and operates a second laundromat in Staten Island where he lives. Owning a second laundromat has proved too much for him, and he has decided to sell. The income and expenses reported to us suggest a higher profitability than we listed. Cut payroll, advertise, add soap sales and dry-cleaning and recoup your investment in one year's time. Equipment includes: 14 Maytag washers and 18 Maytag dryers, all in working condition. Of the dryers, two are 50lbs, four are 35lbs, four are 22lbs and eight are 18lbs. Please contact the broker at 1-877-735-5224 for more information.

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. kg

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.