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Located in Hudson County, New Jersey, this established, 40 years young, Laundromat is up for sale. Ownership sold the property and is now selling the business. Very low rent with a long-term lease (23 years). Business has been growing year by year, month over month, without stop. All attributable to the company’s policy of free pick-up and delivery of wash and fold business. Service now pushing into Manhattan. Provable Volume, 80% of their business is wash and fold all paid for by customers’ credit cards. There is not another wash and fold business anywhere like it- $50,000 per month and growing off the charts. Extend the territory further especially into Manhattan, add commercial accounts, add shifts, raise prices and this business will bring your wallet to a new level. The facility can handle it and the unskilled workforce is abundant. For further information, contact Gerald Nimberg for more information.
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Seller will train
850,000.00 Down & $200K financed at 8% over 10 years
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