Business for Sale Overview:
Compact, neatly arranged, inner city Paterson laundromat with parking. All machines Dexters, 2 years old. Currently 16 washers: 10/25 lb. $2, 3/40 lb. $3.75, 3/55lb $4.75; change machines, TV, 4 work tables, chains, and carts. Rear entrance. Does wash /fold. Detergents sold behind desk area. Perfect place for dry clean drop, has room for vending machine. Few laundromats in area. Store with equipment cost more to put together than selling price. Does not advertising or promotions. Sales up 35% for 2nd year projected sales for this year well over $120,000. Business on steady increase for this mighty mite. Semi absentee.
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:
850 square feet store, 26 machines, 13 washes, great lease 15 years has parking only 2 years old.
Market Competition and Expansion:
Competition: Very few laundromats in the inner city that has parking, this creates a big advantage for laundromat.
Growth and Expansion: Drop off service, putting in vending machines, expanding was and fold side of business.
Reason for Selling:
owner building restaurant he will run
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.
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