Established Neighborhood Laundromat for sale in NJ - 35233 Business Type: seller financing available,laundromats
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Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $1,300,000 | Down Payment | $900,000 |
| Gross Revenues | $900,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $300,000 | Number of FT Employees | Register Free to View |
Financing
$900,000 Down and $400K financed at 7% over 5 years
Business Description
Reasons to Love this Laundromat:
Very low rent, very long-term lease (23 years).
Growing Year by Year, month over month, without stop. All attributable to the company’s policy of free pick-up and delivery of wash and fold business.
Service now pushing into Manhattan.
Provable Volume, 80% of their business is wash and fold all paid for by customers’ credit cards.
Located in Hudson County, New Jersey, this established, 40 years young, laundromat is up for sale. Ownership sold the property and is now selling the business.
There is not another wash and fold business anywhere like it- $50,000 per month and growing off the charts. Extend the territory further especially into Manhattan, add commercial accounts, add shifts, raise prices and this business will bring your wallet to a new level.
The facility can handle it and the unskilled workforce is abundant.
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.
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