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Business for Sale

Laundromat & Dry Cleaner Ocean County, NJ
Ocean County, NJ

Listing #26439

   
Financial Information (non-confidential)
Asking Price $69,900.00 Gross Revenues $120,000.00
Down Payment $69,900.00 Owner’s Cash Flow $47,000.00

Financing: $69,900.00 Down and

Reason for Selling:Other Business Interests

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
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.

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