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Laundromat

Union County, New Jersey

Asking Price: Gross: Cash Flow:
$375,000 $260,000 $93,087

Furniture and Fixtures Value:
$200,000 (included in the asking price)

Inventory Value:
$500 (included in the asking price)

Business Summary:
Busy Laundromat in strip mall with active convenience store next door. Same owner for 28 years. He is only there once or twice a week. Hands on owner could increase business by offering dry cleaning drop and delivery wash/fold. For further information please contact Vincent Stagliano at 908-851-9040 Ext. 270.

 
   
   
Year Business was Established: 1984
   
Number of Employees: 3  
   
Facilities / Terms of Lease: 10 year lease – most equipment under 5 years old – plenty of parking in strip mall  
   
Potential Growth/Expansion: Could offer delivery wash/fold and dry clean drop  
   
Competition: None  
   
Owner willing to finance: None  
   
Owner willing to train: One month  
   
Reason for selling: Retiring  
 

 

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