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Business for Sale Summary

Established Laundromat for Sale Passaic County, NJ - 31531

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

General Information
Asking Price $400,000 Down Payment $300,000
Gross Revenues $180,000 Lease Remaining Register Free to View
Owner’s Cash Flow $100,000 Number of FT Employees Register Free to View


$300,000 Down and 100,000 3 years over TBD

Business Description

It was built from scratch three short years ago at a cost of $1.2 million. All washers and dryers were bought brand new. They can last 30 years. That means when you go to sell, you would be pricing and selling a relatively new installation. The owner owns the property; he can write you a lease for 30 years. That means when you go to sell, you would be pricing and selling a still long-term lease. It is run totally ABSENTEE. New equipment means no maintenance, no headaches. Put in some hours and cut payroll costs if you like. Significant upside potential is there. Currently, no advertising or promotion of any kind: Opened two years ago, sales are building; No wash and fold at first, now that is building; No drop-off dry cleaning as yet; No revenue generators common to laundromats-lottery, ATM, cigarettes, snacks, sodas The owner is in the real estate business, not the laundromat business, and wishes to sell; Seller Financing is available to a qualified buyer.

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.