Semi Absentee Laundromat for Sale in New Jersey - 35701 Business Type: dry cleaning/ laundry services,misc. service/non-classifiable,other personal services,laundromats
Acted as the Advisor to the Deal
Suffolk County, NY
Kings County, NY
Bronx County, NY
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $160,000 | Down Payment | $160,000 |
| Gross Revenues | $155,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $61,000 | Number of FT Employees | Register Free to View |
Financing
$160,000 Down and
Business Description
This well established boutique laundromat is located in Essex County, NJ; offering 19 coin operated washers and 16 dryers to walk in customers.
The business runs 7 days per week including holidays, due to automatic doors which open at 6 am and close at 10 am.
In order to minimize labor costs, the current owner has a part time attendant.
There is wash and fold which represents 45% at this time, but is growing; thanks to many upgrades including speed queen dryers and large machines, water heater up-grade, roof top unit and cash machine.
One full time and two part time attendants keep the business running smoothly with little owner's sight.
Do not miss this great business at a reasonable price with a decent cash flow.
After paying all the expenses, the seller's net cash flow, is over $5,000 a month.
Call Syed at 631-374-7686 for more 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, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.
Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.
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