Absentee Owned Laundromat For Sale
Location New Jersey,United States
Asking Price Range < $250K
Gross Revenues $66000
Net Profit / Cash Flow $34600
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1966
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Reason for Sale Other business interests.
Description Successful, absentee owned 40 year old laundromat (5 years with current owner) located on main commercial street of nice central Jersey town. NO EMPLOYEES! Owner shows up every few days to check on place and collect money. Place opens and closes automatically. Owner gutted and refinished space 4 years ago (all new machines, floor, etc.). Also has vending machines that net approximately $100 per month. Priced to sell. Good stable area with lots of loyal, repeat customers. Months vary, but grosses approximately $5500 per month on average. Great investment for absentee owner. Contact for more information on this Absentee Owned Laundromat for sale.
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