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Business for Sale Summary

Established Neighborhood Laundromat for sale in NJ - 34273

Business Type: seller financing available,laundromats
Owner Financing
Established Neighborhood Laundromat for sale in NJ
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Financial Information (non-confidential)

General Information
Asking Price $1,050,000 Down Payment $850,000
Gross Revenues $768,000 Lease Remaining Register Free to View
Owner’s Cash Flow $250,000 Number of FT Employees Register Free to View

Financing

$850,000 Down and $200K financed at 8% over 10 years

Business Description

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. Very low rent with a long-term lease (23 years). Business has been 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. 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.

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.