Summer Rental Laundry

Ocean County, New Jersey

Business Summary: Centrally located on the barrier Island between Seaside Heights and Point Pleasant this seasonal business makes enough money to take the winters off! Clean self-service Laundromat with dry cleaning drop store, and wash and fold service. Very clean, well lighted, and perfect for investor who only wants to work part of the year and have the rest off. Excellent visibility on Main Highway in the heart of the summer rental area. At this location for over 30 years with a proven earnings record. Very well presented. Note: Verifiable cash flow. See Bill for details. Target buyers: school teachers wanting summer employment, older buyers wanting to stay active and earn income, owners of other Laundromats wanting to increase revenue, Investors in Jersey shore area desiring cash business. Owner desires a full cash sale but will consider reasonable financing offers. Inquires through Bill Babek at 908-851-9040 Ext. 283 or 732-598-8282 direct.
Year Business was Established: 1980
Number of Employees: 1FT/1PT
Facilities / Terms of Lease: Approximately 2,000 sq. ft., rent is $1,600 per month, 5 year lease with 5 year option, location completely renovated in 2004
Potential Growth/Expansion: No
Competition: Excellent summer rental area
Owner willing to finance: Owner desires cash out but is negotiable
Owner willing to train: 2 weeks as needed
Reason for selling: Bought 7 years ago as retired police. Wants to retire to Florida.