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Laundromat In Passaic County For Sale

Passaic County, New Jersey, US
Asking Price:
$440,000 (USD)
Sales Revenue:
$139,000 (USD)
Cash Flow:
$100,000 (USD)

LISTING ID # 33117

Seller financing is available; Owned and managed semi-absentee. Seller owns the property, and a long-term favorable lease will be offered to a qualified Buyer. Seller owns the property and a co-located child day care center both of which are for sale in this Passaic County location. He divides his time between the two and other business interests and the laundromat in particular lacks attention. Add lottery, cigarettes, vending machines, drop-off dry cleaning, delivery service, child features, and social media advertising to this spacious 3,500 square foot laundromat and 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 under construction 50’ away all without washers and dryers. This laundromat is being sold well below its installation cost some ten years ago. Contact Gerald Nimberg for more information.

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Business Operation

Reasons for selling:

Other Business

Employees:
1FT/1PT
Years established:
2007

Other Information

Support & training:

Seller will train

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

250,000.00 Down & Terms to be determined for a qualified buyer

Furniture / Fixtures value:
$200,000 (USD)

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