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Established Neighborhood Laundromat In Hudson County For Sale

Hudson County, New Jersey, US
Asking Price:
$1,050,000 Inventory / Stock included
Sales Revenue:
$768,000
Cash Flow:
$250,000

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.

If interested, please contact the seller through the form on this page.

For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-34273 for instant access to this business information.

Business Operation

Reasons for selling:

Other Interests

Employees:
7FT/4PT
Years established:
1980

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

850,000.00 Down & $200K financed at 8% over 10 years

Furniture / Fixtures value:
$350,000
Inventory / Stock value:
$20,000 - included in the asking price

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