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This Business has been Sold!
Closing Date: 07/01/2020
Business for Sale Summary

Laundromat & Dry Cleaner Ocean County, NJ - 26439

Business Type: absentee business,cleaning services,dry cleaning/ laundry services,misc. retail/non-classifiable,misc. servicel/non-classifiable,professional services,repair services,seller financing available,must sell/drastic price reduction!
Sold
Laundromat & Dry Cleaner Ocean County, NJ
On July 1st 2020, The Undersigned
Acted as the Advisor to the Deal
Gerald Nimberg
Gerald Nimberg Senior Broker
Servicing: Burlington County, NJ
Mercer County, NJ
New Castle County, DE
Philadelphia County, PA
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 $69,900 Down Payment $69,900
Gross Revenues $120,000 Lease Remaining Register Free to View
Owner’s Cash Flow $47,000 Number of FT Employees Register Free to View

Financing

$69,900 Down and

Business Description

A long-established, 50-year-old Ocean County laundry and dry-cleaning service is available. Owners have other interests and wish to put this profitable business up for sale. Run almost completely absentee, experienced help will stay. Or, operate the business and boost earnings. It offers custom tailoring, drop-off dry cleaning, box storage for furs and clothing consignment for additional income. It has laundry service capability, but their large washer and dryer are used entirely to serve their dry-cleaning business. However, for someone younger who is looking to develop the business, it can offer Wash and Fold business now to the public and it has the space to add 3-4 additional washers and dryers to serve a large W & F clientele and even to the point where they offer laundromat service to the public. All business comes from referrals- it does no promotions social media, or space advertising of any kind. Certainly, it would pay to advertise the laundry service. Bring the washers and dryers to the front of the store and make it into a laundromat. Accept credit cards, lengthen the hours, advertise on social media, and greatly expand its cash flow without much cost. It performs cleaning services for the township uniformed services- police, fire, public works, etc. and for school sports uniforms. Much greater effort can be made to expand this within the township and beyond. Highly regarded in the community and in neighboring towns, this business is waiting for fresh blood.

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.