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Business for Sale Summary

Laundromat and Dry Cleaning Business for sale - 34407

Business Type: dry cleaning/ laundry services,laundromats
Laundromat and Dry Cleaning Business for sale
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Financial Information (non-confidential)

General Information
Asking Price $235,000 Down Payment $235,000
Gross Revenues $155,000 Lease Remaining Register Free to View
Owner’s Cash Flow $66,000 Number of FT Employees Register Free to View

Financing

$235,000 Down and

Business Description

A long-established, Somerset County laundry and dry-cleaning service is available. Two nearby competitors closed their doors due to Covid and this dry cleaner is signing new accounts and growing from within. Up 40% so far since 2020 and climbing back to its 2019 highly profitable levels. It offers custom tailoring, in-house dry cleaning, and laundry shirt service in a clean comfortable environment. For someone who is looking to develop the business, it can offer Wash and Fold laundry service and advertise- it does no promotions social media, or space advertising of any kind. And the opportunity is there to perform cleaning services for the township uniformed services including police, fire, public works, etc. and for school sports uniforms. Much greater effort can be made to expand this business within the township and beyond. Highly regarded in the community and in neighboring towns, this business is waiting for fresh blood. Owners have other interests and wish to put this now profitable business up for sale.

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.