Owner Financing is Available
Business for Sale Overview:
A successful Laundromat Business located in a congested, urban area of Hudson County, New Jersey. The business has existed for many years and offers a continued solid net income to the owner. The opportunity consists of an ample facility located on a busy avenue with lots of multifamily dwellings and a very high traffic, urban population. The existing lease and rent is very reasonable. The municipality has a moratorium for any new Laundromat businesses so new competition is not a great concern. The facility was recently renovated with all updated equipment and the seller will provide a full review period. Financing has been pre approved for a qualified purchaser.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Facility consists of 2,000 square feet and located on a busy avenue with a continued demand for this service. An existing lease expiring in 2021 is available for transfer. The monthly rent is $2,000.
Market Competition and Expansion:
No immediate competitors exist in this area. This particular city of New Jersey will not supply any new CO's for new laundromats.With new management and an updated marketing plan for wash and fold services this business can improve further.
Reason for Selling:
Relocating out of the area.
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.