Business For Sale

Established Laundromat in NJ - 31531

Not Disclosed, NJ
Passaic County

Asking Price: Annual Revenue:
$450,000 $195,000

Services: Dry Cleaning & Laundry

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RE: Established Laundromat in NJ - 31531 Broker: Seller of Business
Owner Financing is Available!
0 Down & TBD.

Quick Facts

Asking Price: $450,000
Annual Revenue: $195,000
Net Profit: Not Disclosed
Cash Flow: $100,000
Total Debt: Not Disclosed
FF&E: $800,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 3
BBN Listing #: 90864447
Broker Reference #: 31531

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Business Overview:

This Laundromat was completely renovated in 2017 for a cost of $1.2 million into a state of the art card-operated laundromat- 38 washers, 38 dryers and two $35,000 cash to card converters- all new. In late 2017 the landlord reopened this business and sales initially reached $800 per week climbing thereafter to $1,200, $1500, $1,700 and now to $3,250 per week. Wash and Fold business nonexistent at first now approaches $500 per week and is beginning its ascent. The business is now run totally absentee. No advertising of any kind to either apartment house dwellers or to commercial accounts and there is so much of that available in this densely populated urban setting. Nor are there any of the accoutrements often found in laundromats that build extra income and traffic such as sodas, snacks, cigarettes, lottery or atm. The landlord has no time to run this business and wishes to sell. Price and terms are flexible. Seller financing is possible to a qualified buyer.

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Additional Details:

  • The property is leased.
  • The owner is not 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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