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Business For Sale

Laundromat

Morris County, NJ, USA

Services: Dry Cleaning & Laundry

Business For Sale
Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$249,000
Not Disclosed
Not Disclosed
$89,168
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
Not Disclosed
1977
1 PT
68512979

Business for Sale Overview:

Want to enter the Laundromat business as an investor without getting yourself physically involved. Extremely easy operation, meticulously clean. All machines completely re-serviced & reconditioned by present owner 8 months ago. Located on main street with side and rear parking plus added street parking available. Equipment includes 28 washers (20 top loaders 18lb whirlpool, new Nov. 06). 8 front loaders Continentals 3-50lb & 5-35lb 2 yrs old. 20 premise dryers 7 yrs old all completely reconditioned 8 months ago. Attendant free with only part time clean up employee. Spacious area in front with large TV screen. Additional income from vending. Area is predominantly blue collar and is very safe. Located on main shopping street and has inexpensive lease. Gives a competitive advantage.

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:

2000 sq ft store with surplus of parking back, side & street. Very clean store with a 10 year lease.

Market Competition and Expansion:

Another Laundromat located about ¾ miles away on same street – not well kept – this operation completely out shines its competition where equipment is much older and doesn’t appear to be maintained. Vending machines addition can be added for greater cash pull out – now owner can also do wash and fold if he washes.

Reason for Selling:

Personal reasons

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.

Resources:

 

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