Owner Financing is Available
Business for Sale Overview:
A busy Laundromat located in the center of town and urban area in Hudson County, New Jersey. The business is on a high traffic avenue and is surrounded by numerous multi-family residential units with a continued demand for laundry services. The facility consists of an attractive storefront with 29 washers and 20 dryers, which are all in excellent working condition. The opportunity includes a long term lease with a moderate rent payments. The business has four employees which will remain after the sale. The present owner is primarily absentee and cannot maintain the business due to other responsibilities; therefore, he has priced the sale very attractively with a low down payment and assumable financing.
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:
The business is located in a densely populated urban area of Northern New Jersey, with a high demand for continued laundry service by the local communities. The facility consists of 1,800 square feet with a full basement, restroom and storage area. Fully equipped with 20 -18lb washers, 5- 30lb washers, 4-50lb washers, 5 Double stack Dryers and 10 Single stack dryers. A new 10 year lease is available for transfer with a monthly rent of approximately $2,200.
Market Competition and Expansion:
No other laundromats are in this particular area.With onsite ownership and by offering wash and fold services, the business can further develop.
Reason for Selling:
Absentee owner out of the immediate area.
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.