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Established Laundromat In New Jersey For Sale

New Jersey
Asking Price:
$400,000 (USD)
Sales Revenue:
$180,000 (USD)
Cash Flow:
$100,000 (USD)

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.


For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-31531 for instant access to this business information.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business

Property information

Real Estate:

Lease

Business Operation

Employees:
3

Other Information

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

300,000.00 Down & 100,000 3 years over TBD

Furniture / Fixtures value:
$800,000 (USD)
Inventory / Stock value:
$2,000 (USD)

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