Laundromat On A Busy County Road
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $88000
Net Profit / Cash Flow $30000
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1975
Number of Employees 1 - 3
Inventory $145000 equipment & $500 inventory.
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Seller will provide a complete review period.
Reason for Sale Moving into a larger business.
Description A very attractive Laundromat business for sale, located on a main commercial avenue and shopping center of Bergen County, New Jersey. The facility is clean, modern and well maintained, consisting of 23 washers and 18 dryers, a Bill changer, folding tables, commercial hot water heaters and much more. The business is in a commercial area and highly populated town with a continued need for laundry and wash & fold services. The business presently does limited wash and fold, which can be improved with additional advertising and promotion. The equipment value is approximately $100,000 for replacement cost. The seller is relocating into a larger business out of the immediate area and has priced to business for a rapid sale. Please contact our office for further details. The business is located on a busy county road and shopping center and the facility consists of 2,200 square feet. An existing ten year lease is available for transfer.
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