Owner Financing is Available
Business for Sale Overview:
Slightly more than 6 months old. Absentee run Laundromat, 5+year warranty on all machines still left. Equipment 19-30lb Huebsh washers, 4 Dexter SOLB washers, 9 DBL 30lb Huebsh Dryers (18). Equipment note of 47k transferable. Place is compact in safe area of Union County- no competition near by. All equipment necessary to do a full service operation, figures represented are for 12 months of operation net cash flow would be $49,000 on a $94,000 gross income. Presently doing $1,200 weekly. Business is increasing still at a rapid rate. Luncheonette next door (same building) empty giving possibility of future expansion. At present rate of growth Laundromat should show 55,000 net cash flow by end of 12 month period total investment be 53,000 with assumption of $47,000 equipment note and seller financing $25,000. For further information, please contact 908-851-9040 and ask to speak with Vito Mastromonaco at Ext 285.
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:
Brand new facility opened two days. All equipment new machine warranty plus guarantee.
Market Competition and Expansion:
Competition: No close competition in safe area of Union County – single family home/apartment
Expansion: New Laundromat expandable into empty luncheonette next door same building.
Reason for Selling:
Female owner received job promotion has no time to
Additional Details:
- The property is owned.
- 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: