MergerPlace

Passaic County Laundromat Absentee

New Jersey (Passaic)


  • Asking Price: $195,000
  • Gross Income: $145,000
  • Cash Flow: $41,275
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #204062
  • Established: 20
  • Employees:

Business Description

Situated on a heavily-traveled thoroughfare in an area with several large garden apartment complexes. Plenty of strip mall parking. Owner has one steady Wash & Fold client - medical building where he picks up & delivers to along with walk in’s. FURNITURE, FIXTURES, & EQUIPMENT valued @ $100K is included & includes: (20) Dryers - all a bit under 2 years old, (27) Washers with (5) the same age,7 folding tables, 7 clothes rollers, 2 metal racks with shelves, coin changer, laundry products dispenser, 2 gumball machines, a brand new A/C unit, hot water heater & a boiler. OTHER INCOME: Products Dispenser $2,400 & Gumballs $350 = $2,750 (both net). Landlord will give a long term lease including at least (1) option to qualified buyers.


Business Details

Primary Business Category: Services - Other Services
Location: New Jersey
County: Passaic

Company Information

Year Established: 20
Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $195,000
Gross Revenue: $145,000
Cash Flow: $41,275
Seller Financing Available: No

Property Information

Facilities:

Great rent, 1,300 sq. ft., very clean laundromat with good customer base, long-term lease, plenty of parking.

Growth & expansion opportunities:

Owner operator can expand business and pick up more commercial accounts

Competition:

Little competition in area

Reason for selling:

Other business opportunity

Support & Training:

Seller will train buyer

Contact Business Seller

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Business Listed By:

Douglas Bodner

Executive Business Brokers