Business for Sale Overview:
A MUST SEE! Established Laundromat run absentee with huge upside potential, within walking distance of tons of apartments. Large parking lot with direct access to Laundromat. Ideal demographic, 85% Hispanic. Full basement, full mezzanine office. Fully staffed with experienced manager. 20 year lease with 5% increase every 5 years, fully assignable with right of first refusal on sale of building. Equipment is 7years old in immaculate condition, maintained by owner. Numbers are 100% provable and financing is available. 46 Huebsch washer + 56 Huebsch dryers. For further information, please contact 908-851-9040 and ask to speak with James Flippin at Ext 265.
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:
4,400 square feet plus basement plus office on mezzanine. Huebsch washers plus dryers: Ample parking in rear of building store opened in 2002 fully equipped laundry immaculately clean.
Market Competition and Expansion:
Competition - Minimal
Expansion - Add dry clean drop, plus delivery, ATM,
Reason for Selling:
has 4 other stores and building a 5th
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.
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