Laundromat For Sale in Passaic County, NJ-33117

Not Disclosed, NJ
Passaic County

Asking Price: Annual Revenue:
$440,000 $139,000

Services: Dry Cleaning & Laundry

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RE: Laundromat For Sale in Passaic County, NJ-33117 Broker: Gerald Nimberg

Quick Facts

Asking Price: $440,000
Annual Revenue: $139,000
Net Profit: Not Disclosed
Cash Flow: $100,000
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: 2009
Employees: 10
BBN Listing #: 35464447
Broker Reference #: 33117

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Business Overview:

Seller owns real estate and a child day care center and is forced to divest himself of this 3,500 square foot spacious and profitable laundromat. Unable to devote sufficient time to this business, he eliminated dry cleaning drop off, pick-up and delivery, an ATM and he has not maintained all vending machines, which, if restored, would add in total more than $20,000 in additional profits.The laundromat is equipped with 34 Washers and 40 dryers, all high-end Speed Queen and all about 10 years old. The boiler is shared with the neighboring business and is not included in the sale, but separate access is provided. Approximately 200 townhouses are being constructed nearby all being installed without washers and dryers. This laundromat is being sold well below its installation cost some ten years ago.

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Reason for Selling:

Other 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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