BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!

Business For Sale

Inexpensive Laundromat

Essex County, NJ

Services: Dry Cleaning & Laundry

Business For Sale
Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$179,000
$110,160
Not Disclosed
$39,110
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
Not Disclosed
1970
2
29422979
Owner Financing is Available!
Owner prefers all cash

Business Overview:

Small compact Laundromat/ half of equipment brand new (2-55lb Wascomats/ 5-20lb Wascomats. Maytags older 1-50lb/ 2-35lb/5-18lbs) Dryers Brand New 4 DBL Wascomats plus 4 DBL speed queens all 30lbs. Brand new change machine, 42inch TV, refrigerator and security cameras. Very inexpensive lease goes up only $25 every year for next 18 years. Place can achieve profit of over $65,000 yearly by opening up at 7:00am and closing at 9:00pm. A long shelve can be placed by entrance for the sale of convenience items ( No stores in area) Presently does over $800 week on a small selection of convenience store items. Has NO WASH & FOLD, no lottery in area also. Discounted selling price if sold as package with listing #4225. Both Laundromats have been in area for years with virtually no competition in area except for companion store. ($348,000 for two stores).

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:

Same compact street parking most machines brand new. Really cheap lease 18 plus years $1,025 month goes up $25 per year

Market Competition and Expansion:

Competition - In this area of town only competition is companion laundromats for sale with this one as a package

Reason for Selling:

Owner wants to go back and live in Europe

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.

Resources: