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Business for Sale Summary

Multi Business Management Company for sale in NJ - 34008

Business Type: absentee business,car wash,seller financing available,laundromats
Owner Financing
Multi Business Management Company for sale in NJ
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Financial Information (non-confidential)

General Information
Asking Price $1,845,000 Down Payment $1,285,000
Gross Revenues $1,101,000 Lease Remaining Register Free to View
Owner’s Cash Flow $450,000 Number of FT Employees Register Free to View

Financing

$1,285,000 Down and $560K financed at 4% for 10 years

Business Description

Absentee Managed, Seller Financing is Available to a Qualified Buyer. The laundromats are card-operated, and all income and expenses are reported. Owner is Retiring, and Property can be Acquired as well. The owner of a highly successful car wash and multi-unit Laundromat has decided to put his businesses up for sale. Located in Burlington County, New Jersey, this enterprise can be acquired in total, or each unit will stand on its own and can be purchased separately. The reduction in the business in 2020 due to Covid-19 was less than 5%. Long-Term leases are available on each unit particularly for the car wash where the Seller owns the property and will write a 20-year lease. The real estate is available as well.

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 registration@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.