Business Overview:
A busy Laundromat located in a highly populated area of Passaic County, New Jersey. This business is on a commercial avenue with several businesses and apartment buildings in the area. The business is fully equipped with 31 washers & 26 dryers, all in excellent working condition. The business has a limited wash and fold service which can further improve the business towards a greater income. The owner has priced the business aggressively for a rapid sale! A great opportunity with good potential!
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
Facility consists of 2,493 square feet on a busy avenue and congested urban area, with lots of rental units. An existing 10 year lease with additional options is available from transfer. Total monthly rent is approximately $4,650.
Market Competition and Expansion:
No other Laundromats exist in the immediate area. With an updated marketing plan and by increasing the wash and fold service this business can improve.
Reason for Selling:
Retiring out of the industry.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.