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Business for Sale Summary

Laundromat For Sale in Passaic County, NJ - 33117

Business Type: dry cleaning/ laundry services,seller financing available,laundromats
Owner Financing
Laundromat For Sale in Passaic County, NJ
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This business has received 1127 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $440,000 Down Payment $250,000
Gross Revenues $245,000 Lease Remaining Register Free to View
Owner’s Cash Flow $110,000 Number of FT Employees Register Free to View


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

Business Description

Looking for a profitable laundromat business for sale with seller financing available? Look no further than this well-established laundromat in Passaic County. The seller owns the property, and a long-term favorable lease will be offered to a qualified buyer. The seller currently divides his time between the real estate laundromat and a co-located Child Day Care Center, leaving the laundromat in particular lacking attention. However, there is plenty of room for growth by adding lottery, cigarettes, drop-off dry cleaning, pickup and delivery service, child features, and social media advertising to this spacious 3,500 sq. ft. laundromat. Additionally, 278 townhouses are nearing completion nearby, all without washers and dryers, potentially increasing this laundromat’s customer base several-fold. The laundromat is fully equipped with 34 high-end Speed Queen washers and 40 dryers, all approximately 11 years old. The seller is seeking to sell both businesses and retire, making this an excellent opportunity for a motivated buyer to take over and expand this already successful business. Real estate may be available at Fair Market Value through the seller. Don't miss out on this chance to own a profitable laundromat business in a prime location.

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.