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Business for Sale Summary

Laundromat for Sale in Bergen County, NJ - 33224

Business Type: dry cleaning/ laundry services,laundromats
Laundromat for Sale in Bergen County, NJ
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Financial Information (non-confidential)

General Information
Asking Price $385,000 Down Payment $385,000
Gross Revenues $198,000 Lease Remaining Register Free to View
Owner’s Cash Flow $125,000 Number of FT Employees Register Free to View

Financing

$385,000 Down and

Business Description

A well-established, highly profitable, 30-year old, laundromat located in an upscale section of Bergen County, New Jersey has become available. The Seller has owned it for last eight years and has recently renovated the shop. All 15 washers and 14 dryers are less than two years old. Husband and wife work the business from 8 am to 4 pm each day. Open 24/7, the laundromat is left unattended after 4 pm until the next morning. Customers are able to drop off wash and fold at night for pick-up the next day. That level of convenience and service accounts for the high volume of wash and fold business which slightly exceeds the coin operated machine business. Add ATM, lottery, snack items, kid friendly games, cigarettes and more and take this laundromat to the next level. Husband and wife are seeking to relocate to warmer climate and are journeying to Florida to buy a laundromat there. Cut payroll, add ATM, lottery, snack items, kid friendly games, cigarettes and more and take this laundromat to the next level.

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.