Services - Drycleaning/Laundry | Services - Other Personal Services

$Seller Financing Available

Asking Price	$150,000	Inventory	$1,200**
Gross Income	$132,000	Real Estate
Cash Flow	$46,000	Year Established	1996
FF&E	$175,000*	Employees	2

* included in the asking price

** not included in the asking price

A busy Laundromat located in a highly populated area of Passaic County, New Jersey. This business is on a commercial avenue with several businesses and apartment buildings in the area. The business is fully equipped with 31 washers & 26 dryers, all in excellent working condition. The business has a limited wash and fold service which can further improve the business towards a greater income. The owner has priced the business aggressively for a rapid sale! A great opportunity with good potential!

Facilities: Facility consists of 2,493 square feet on a busy avenue and congested urban area, with lots of rental units. An existing 10 year lease with additional options is available from transfer. Total monthly rent is approximately $4,650.

Competition: No other Laundromats exist in the immediate area.

Growth/Expansion: With an updated marketing plan and by increasing the wash and fold service this business can improve.

Seller Financing Available: Yes

Support/Training: Seller will provide a full due diligence and transitional period.

Reason Selling: Retiring out of the industry.