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Business for Sale Summary

Laundromat for sale in New Jersey - 33856

Business Type: absentee business,dry cleaning/ laundry services,seller financing available,laundromats
Owner Financing
Laundromat for sale in New Jersey
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Financial Information (non-confidential)

General Information
Asking Price $245,000 Down Payment $190,000
Gross Revenues $180,000 Lease Remaining Register Free to View
Owner’s Cash Flow $55,000 Number of FT Employees Register Free to View

Financing

$190,000 Down and $55K at 5% for 18 months

Business Description

Seller Financing and Absentee Owned This laundromat is located in Middlesex County, New Jersey; it is run semi-absentee, both husband and wife own their own businesses and work the laundromat a combined total of 24 hours per week. Open 7 days per week, from 7 am to 8 pm, two full-time employees manage the rest. The laundromat is spacious, 2880 sq. ft., off-street parking in this strip mall is plentiful. The laundromat boasts 34-coin operated washers and 36 dryers and offers wash and fold and drop-off dry cleaning services The Seller has had the business for 11 years and each year he replaces several washers and dryers to keep the machines running with minimum downtime. Fully half the washers are six years old or less. The business needs an owner-operator to add vending machines and market the service. For more information, call Gerald Nimberg, Senior Business Broker, Vested Business Brokers at 646-269-4616.

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.