Laundromat For Sale in Passaic County, NJ - 33117 Business Type: dry cleaning/ laundry services,laundromats
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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 | $80,000 | 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.
A well- established laundromat in Passaic County is available for purchase. Seller owns the property, and a long-term favorable lease will be offered to a qualified Buyer.
Seller divides his time between the real estate, laundromat and a Child Day Care Center and the laundromat in particular lacks attention. Add lottery, cigarettes, drop-off dry cleaning, delivery service, child features, and social media advertising to this spacious 3,500 square foot laundromat.
Profitability is derived solely from the coin-operated washers and dryers and additional revenue and profits are generated from the Wash-and-Fold business, soap and detergent sales, vending machines and miscellaneous. The drop-off dry cleaning business was substantially higher in years past and is still available to an ambitious entrepreneur.
Further, 278 townhouses are nearing completion about 50’ away all without washers and dryers potentially increasing this laundromat’s customer base two-fold.
This laundromat is equipped with 34 Washers and 40 dryers, all high-end Speed Queen and all about 11 years old.
Seller seeking to retire.
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.
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