Nice Laundromat In Residential Urban Area
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $86400
Net Profit / Cash Flow $49477
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1999
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Reason for Sale Owner is relocating.
Description Very Busy 1,200 square foot laundromat for sale with in the middle of residential area. All machines are in very good condition. This business has a 5 years lease plus 5 years option. The property has a finished basement that can be used as an office. It also has a separate and very busy sales area with loyal clientele for years. Parking on premises is available and also on the street. It has been established for 10 years with minimal competition and loyal clientele. It has a finished basement with full shower and kitchenette for a worker to live in. Current owner has a full time job that requires him to relocate. Willing to finance for the right buyer. Business website included in sale: currently building pickup / delivery service. Currently run absentee, a more hands on manager will yield much higher profits. Continental Girbau machines: 1,200 s/ft space available, the equipment includes: 2 machines are 50 LB, 4 Machines are 35 LB, 8 Machines are 20 LB, 18 Dryers are 30 LB, 3 Vending machines, 1 soap Dispenser and 1 change machine.
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