Laundromat Owner Finance

Not Disclosed, NJ
Essex County

Active commercial avenue

Asking Price: Annual Revenue:
$145,000 $125,000

Services: Dry Cleaning & Laundry

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RE: Laundromat Owner Finance Broker: Customer Service
Owner Financing is Available!
Owner Financing.

Quick Facts

Asking Price: $145,000
Annual Revenue: $125,000
Net Profit: $45,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $75,000
Real Estate: Not Disclosed
Year Established: 2021
Employees: 1
BBN Listing #: 77243909
Broker Reference #: LAUN360

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Business Overview:

Water included in rent, Solid business opportunity for this laundromat which reopened for business in October 2021, with a growing gross income. The owner absentee recently hired the first employee and is now doing wash and fold service. The price and terms represent an asset sale with owner financing, based on the equipment replacement vale. Call if you have any questions. Asset Sale, for this recently reopened six-month old Laundromat September 2021 located on a commercial avenue of Essex County, New Jersey. The facility consists of 1,700 square feet, modern equipment, with 16 washer 50,40,35,30,20 lb. and twenty-two (22) commercial dryers, excellent furnace and boiler and all equipment is in appropriate working condition. The business has a long-term existing lease at a modest rent. The business projected a consistent gross income and will offer additional services.

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Property Features and Assets:

Located on an active commercial avenue near numerous other businesses in a highly active community. This laundromat business is located on a county road, near the Garden State Parkway, conveniently location in a highly populated urban city with a substantial population. The facility has a full unfinished storage basement. The facility consists of 1,700 square feet with a legal capacity for 65 customers and has been redecorated over the past few years. The business is modern with a clean attractive image. The facility has an attractive customer counter at the entrance, ample seating, and lots of storage.

Market Competition and Expansion:

Regarding competition, 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:

Relocating to an alternative business.

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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