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Business for Sale Summary

Laundromat For Sale in Passaic County, NJ - 33117

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

General Information
Asking Price $440,000 Down Payment $250,000
Gross Revenues $139,000 Lease Remaining Register Free to View
Owner’s Cash Flow $100,000 Number of FT Employees Register Free to View

Financing

$250,000 Down and Terms to be determined for a qualified buyer

Business Description

Seller financing is available; Owned and managed semi-absentee. Seller owns the property, and a long-term favorable lease will be offered to a qualified Buyer. Seller owns the property and a co-located child day care center both of which are for sale in this Passaic County location. He divides his time between the two and other business interests and the laundromat in particular lacks attention. Add lottery, cigarettes, vending machines, drop-off dry cleaning, delivery service, child features, and social media advertising to this spacious 3,500 square foot laundromat and The laundromat is equipped with 34 Washers and 40 dryers, all high-end Speed Queen and all about 10 years old. The boiler is shared with the neighboring business and is not included in the sale, but separate access is provided. Approximately 200 townhouses are under construction 50’ away all without washers and dryers. This laundromat is being sold well below its installation cost some ten years ago. Contact Gerald Nimberg 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.