Established Laundromat Passaic County, NJ 31531

Not Disclosed, NJ
Passaic County


Asking Price: Annual Revenue:
$400,000 $180,000

Services: Dry Cleaning & Laundry


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RE: Established Laundromat Passaic County, NJ 31531 Broker: Gerald Nimberg
Owner Financing is Available!
$300,000.00 Down & $100,000 3 years over TBD.

Quick Facts

Asking Price: $400,000
Annual Revenue: $180,000
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 #: 69854447
Broker Reference #: 31531

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Business Overview:

It was built from scratch three short years ago at a cost of $1.2 million. All washers and dryers were bought brand new. They can last 30 years. That means when you go to sell, you would be pricing and selling a relatively new installation. The owner owns the property; he can write you a lease for 30 years. That means when you go to sell, you would be pricing and selling a still long-term lease. It is run totally ABSENTEE. New equipment means no maintenance, no headaches. Put in some hours and cut payroll costs if you like. Significant upside potential is there. Currently, no advertising or promotion of any kind: Opened two years ago, sales are building; No wash and fold at first, now that is building; No drop-off dry cleaning as yet; No revenue generators common to laundromats- lottery, ATM, cigarettes, snacks, sodas The owner is in the real estate business, not the laundromat business, and wishes to sell; Seller Financing is available to a qualified buyer.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Additional Details:

  • The property is owned.
  • 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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