Financing: $50,000.00 Down and Flexible
Reason for Selling:Other business interests.
Absentee-owned, very successful laundromat in urban, downtown area of major NJ city. Been in business 7 years (current owner almost 3 years). Drop off is approximately 15% of business (but increasing, especially among NYC commuters); rest is coin. Washing machines: two 50 lb machines; seven 35 lb machines; six 18 lb machines. Has 16 stacked driers (30 lb each). Has standard change machine (holds approx $2k in quarters); soda machine is owned by bottler, but all income goes to owner; also has detergent machine. Good, safe, stable neighborhood. Lots of steady, repeat customers. Opportunities to expand: could do deliveries, commercial accounts, dry cleaning dropoffs. Has 5 1/2 years left on lease.
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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller. |
