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Laundromat

Passaic, New Jersey

Asking Price: Gross: Cash Flow:
$290,000 $179,920 $88,876

Business Summary:
Well established Laundromat located in a middle income area in a strip mall near highway. Parking in front. Needs owner/operator to be hands on. Maytag 23 washers, 24 double stack dryers.

 
   
   
Year Business was Established: 1967
   
Number of Employees: 1PT  
   
Facilities / Terms of Lease: 1,200 dq. ft., parking in front, good condition lease 3 years (1 year inc. 30%). + 5 year (1 year inc. 3%).  
   
Owner willing to finance: All cash.  
   
Owner willing to train: 2 weeks  
   
Reason for selling: Other business interest.  

 

 

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