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Established Laundromat For Sale

11/wk
Middlesex County, New Jersey, United States
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Asking Price$35,000
Revenue$65,000 EstablishedUndisclosed
Cash Flow$20,000 EmployeesUndisclosed
FF&EUndisclosed* FranchiseNo
InventoryUndisclosed* RelocatableNo
Real EstateUndisclosed* Home-basedNo
* Included in Asking Price
This 20-year old Middlesex County laundromat is absentee owned and managed.Profitable as is, it becomes even more so for an owner-operator who can cut payroll and advertise the service. There is absolutely no advertising done of any kind. Also, there is room to sell soaps and add a dry-cleaning, drop-off location to further increase profits. The current owner has owned this business for less than one year. He owns and operates a second laundromat in Staten Island where he lives. Owning a second laundromat has proved too much for him and he has decided to sell. The income and expenses reported to us suggest a higher profitability than we listed. Cut payroll, advertise, add soap sales and dry-cleaning and recoup your investment in one years time. Equipment includes 14 Maytag washers and 18 Maytag dryers all in working condition. Of the dryers, 2 are 50 lbs, 4 are 35 lbs, 4 are 22 lbs and 8 are 18 lbs. Please contact the broker at 1-877-735-5224. 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.
Training/Support:The seller will train the new owner.
Seller Financing:$35,000.00 Down and Terms to be determined
Ad #99929
Seller Reference #30611
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Contact This Seller
Gerald Nimberg
1-877-735-5224
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