Laundromat With Property. Solid Return on Investment.. Prime Location.

Irvington, NJ (Essex County)

Seller Financing Available
Laundromat With Property. Solid Return on Investment.. Prime Location.
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Asking Price: Get Financing: $600,000

Cash Flow: $99,000

Gross Revenue: $225,000



Inventory: N/A

Real Estate: $300,000

Established: 1996

Laundromat With Property. Solid Return on Investment.. Prime Location.

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Business Description

Great opportunity for an owner/operator to earn an excellent income.
Business is offered at a good price and the property is a solid long-term investment.SOLID ROI.
Stable middle income neighborhood that uses and needs a laundromat.
Grow the business with added services.
Do not miss this for a great business and investment opportunity.
Sign and send the attached NDA for more information.
T: 917-834-4063
F: 201-568-5401

Attached Documents

Detailed Information

Real Estate:
Included in asking price
Building SF:
2+owner 1/2 day
2000 SF free standing building with on-site parking. 28 washers and 30 dryers. All Wascomat COIN in excellent condition. Real Estate Taxes $13,000/year. Facility is in excellent condition with LIKE NEW fixtures and furnishings.
Located on the MAIN shopping street. Surrounded by apartment buildings. Adjacent to the areas main shopping district stores. Other laundromats in the area are on side streets and not as conveniently located as this laundromat. Always busy.
Growth & Expansion:
Owners do not promote wash & fold and NO dry cleaning service. These services will add substantial additional income.
Limited Seller Financing To Qualified Buyer.(20%)
Support & Training:
Owners will transition.
Reason for Selling:
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Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
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Brian Elkin

Business Listed By:
Brian Elkin

Elkin & Lee Business & Realty Advisors

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