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Business For Sale

Morris County Laundromat Winner

Morris County, NJ

Services: Dry Cleaning & Laundry

Business For Sale
Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$120,000
$230,000
Not Disclosed
$46,887
Not Disclosed
FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
Not Disclosed
1977
6
39862979
Owner Financing is Available!
$20,000 negotiable

Business Overview:

New Buyer Receives New Lease. $2,000 Month Reduction $24,000 Reduction In Lease Per Year. No vending or game machines with adding income and reduction in rent, profit level would top $50,000 – Machines 8 years old, 6 top loaders, Three DBL 25 lbs., Five 35 lb., Three 50lb. and 19 dryers. Two change machines, 1 soap machine, assorted tables, wagons, chairs and parts. No vending or game machines inside allowed. Does wash/fold, no pick up or delivery, no competition for this service in area. In a major food store mall, some smaller stores went out, that is the reason landlord would lower rent in a major way – Length of lease to be negotiable to new buyer. Largest mall in the area with plenty of parking. Absentee Operated.

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:

Clean Laundromat, located in major food chain larger mall. 39 machines, plenty of parking. Landlord willing to give new buyer major reduction in rent at least $2,000 per month.

Market Competition and Expansion:

Competition Largest store in the area, has faithful clientele Expansion A must see, is putting in game machines and vending machines missing Mega Dollar of income by not having these income producing revenues

Reason for Selling:

Partners splitting, retirement

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: