Business For Sale

Passaic County Laundromat Absentee

Passaic, NJ
Passaic County

Asking Price: Annual Revenue:
$185,000 $145,000

Services: Dry Cleaning & Laundry

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RE: Passaic County Laundromat Absentee Broker: Douglas Bodner
Owner Financing is Available!
Bank financing available for qualified buyer.

Quick Facts

Asking Price: $185,000
Annual Revenue: $145,000
Net Profit: Not Disclosed
Cash Flow: $41,275
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 20
Employees: 2
BBN Listing #: 15352979
Broker Reference #: 6114DB

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Business Overview:

Situated on a heavily-traveled thoroughfare in an area with several large garden apartment complexes. Plenty of strip mall parking. Owner has one steady Wash & Fold client - medical building where he picks up & delivers to along with walk in’s. FURNITURE, FIXTURES, & EQUIPMENT valued @ $100,000 is included & includes: (20) Dryers - all a bit under 2 years old, (27) Washers with (5) the same age,7 folding tables, 7 clothes rollers, 2 metal racks with shelves, coin changer, laundry products dispenser, 2 gumball machines, a brand new A/C unit, hot water heater & a boiler. OTHER INCOME: Products Dispenser $2,400 & Gumballs $350 = $2,750 (both net). Landlord will give a long term lease including at least (1) option to qualified buyers.

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Property Features and Assets:

Great rent, 1,300 square feet, very clean laundromat with good customer base, long-term lease, plenty of parking.

Market Competition and Expansion:

Little competition in area. Owner operator can expand business and pick up more commercial accounts.

Reason for Selling:

Other business opportunity.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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