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Business for Sale Summary

Laundromat for Sale in Hudson County, NJ - 32885

Business Type: laundromats
Laundromat for Sale in Hudson County, NJ
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This business has received 203 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $195,000 Down Payment $50,000
Gross Revenues $135,000 Lease Remaining Register Free to View
Owner’s Cash Flow $25,000 Number of FT Employees Register Free to View

Financing

$50,000 Down and $145,000 @ 7% For Seven Years

Business Description

Absentee Owned- Seller Financing- Increasing Cash Flow This absentee owned laundromat which sits in the midst of Hudson County, New Jersey is in need of full-time attention. It is marked by unnecessary payroll and limited offerings. Operate the business and lower payroll costs. Add lottery, cigarettes and ATM services and social media advertising and change the profit picture substantially. The equipment includes twenty Huebsch (12-18, 6-30 and 2-60 pound) washers that are seven to ten years old and twenty Huebsch thirty-pound dryers that are 10 years old, all in working condition. They have one large commercial account and plenty of opportunity for more. A truck used for pick-up and delivery is included with the business. One of the owners lives more than 90 minutes away and both partners are eager to sell.

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.