Turnkey Laundromat In Residential Area
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $110000
Net Profit / Cash Flow $40000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1988
Number of Employees 1 - 3
Inventory $135,000 equipment only.
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training Seller will provide a full due diligence and transitional period.
Reason for Sale Absentee owner out of the immediate area.
Description A turnkey Laundromat for sale in a residential area offered with the Real Estate property and located in a densely populated, urban area of Passaic County, New Jersey. This local Laundromat is on a busy avenue with several commercial businesses and residential apartments in the surrounding areas. This turnkey operation is well maintained and generates a stable annual income with room for improvement with an onsite owner. The facility is equipped with 25 washers and 24 dryers, a central air system, a waiting area and a surveillance system. The owner has elected to sell the entire package including the business and real estate property at fair market value. This is an excellent opportunity to own a well established Laundromat business!
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