Seller's Contact Information
- RE: Laundromat Owner Financing
- Contact: Ron Cervelli
Quick Facts
Asking Price: | $275,000 | |
Annual Revenue: | $156,000 | |
Net Profit: | $55,000 | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | $170,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2020 | |
Employees: | Not Disclosed | |
BBN Listing #: | 46193909 | |
Broker Reference #: | LAUN379 |
Business Overview:
Owner financing for this Newer laundromat business by landlord in an urban city of Union County, New Jersey. This is a fully self-service laundromat which atomically opens and closes and can be further improved with a new operator. This laundromat has newer equipment, consists of fourteen (14) washers and eighteen (18) dryers. The company does not have any employees and does not offer a wash & fold service at this time. This is a dependable safe business opportunity and now that the pandemic is over the income continues to improve. Owner financing is available to qualified buyers with an appropriate down payment and credit. The business fixed assets have an estimated value of approximately $170,000 plus infrastructure, which is specifically based on the original equipment and licensing buildout and replacement cost. This transaction consists of a fully equipped commercial laundromat, which includes, Washing Machines Fourteen.
4 – 55 lb. washer, Continental RMG 55
4 – 40 lb. washer, Continental RMG040
6 – 20 lb. washer, Continental EH020
18 pockets Dryers
5 – 45 pound, Continental Express Dry, KTT45
4 – 30 pound, Continental Express Dry, KTT30
required licenses, no web site, no social media venues, displays, shelving, no POS system, tables, computers, software including all the necessary equipment to maintain the day-to-day business operation and a list of assets will be supplied to purchaser upon request.
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Property Features and Assets:
This laundromat business opportunity is in Northern New Jersey, Union County, which consists of numerous highly populated communities with continued demand for this laundry service. This modern laundromat company which consists of approximately 1,800 square feet with an attractive appearance is located on an active commercial avenue with other local businesses.
Market Competition and Expansion:
To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Reason for Selling:
Absentee owner.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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