Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Listed by:

Regal Consulting Corp.

Laundromat Owner Financing For Sale

Union County, New Jersey, US
Asking Price:
$250,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$200,000
Cash Flow:
$75,000

Newer laundromat business by landlord in an urban city of Union County, New Jersey. This is a fully self-service laundromat which atomically opens and closes and can be further improved with a new operator. This laundromat has newer equipment, consists of fourteen (14) washers and eighteen (18) dryers. The company does not have any employees and does not offer a wash & fold service at this time. This is a dependable safe business opportunity and now that the pandemic is over the income continues to improve. Owner financing is available to qualified buyers with an appropriate down payment and credit. The business fixed assets have an estimated value of approximately $170,000 plus infrastructure, which is specifically based on the original equipment and licensing buildout and replacement cost. This transaction consists of a fully equipped commercial laundromat, which includes, Washing Machines Fourteen.
4 – 55 lb. washer, Continental RMG 55
4 – 40 lb. washer, Continental RMG040
6 – 20 lb. washer, Continental EH020
18 pockets Dryers
5 – 45 pound, Continental Express Dry, KTT45
4 – 30 pound, Continental Express Dry, KTT30
required licenses, no web site, no social media venues, displays, shelving, no POS system, tables, computers, software including all the necessary equipment to maintain the day-to-day business operation and a list of assets will be supplied to purchaser upon request.

Property Information

Real Estate:

Lease

Lease Terms:

The business transaction will offer a new commercial lease which expires 2033-01-01, plus additional options available, with a monthly rent of $3,245 all in, 2% yearly rent increases, cost per square foot is estimated at $29.00 and two months of rent security.

Leasehold Rent:

$38,940 per annum

Lease Rent:
$29 per sq ft per annum
Location:

This laundromat business opportunity is in Northern New Jersey, Union County, which consists of numerous highly populated communities with continued demand for this laundry service.

Premises Details:

This modern laundromat company which consists of approximately 1,800 square feet with an attractive appearance is located on an active commercial avenue with other local businesses.

Size in square feet:
1,600

Business Operation

Expansion Potential:

The business is new and will continue to develop and can be further expanded by the new operator with a marketing plan and local advertising to develop wash and fold. The business should also have a web site to improve the retail yearly gross sales.

Competition / Market:

To the best of our knowledge, due to various circumstances, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.

Reasons for selling:

The purpose of this business transaction is due to the owner absenteeism, and he is a real estate investor with this property.

Trading hours:

This self-service laundromat business, due to the pandemic was operational six days per week with limited hours, the business has recently increased its operation to seven days per week, with hours from 8:00 am to 7:00 pm.

Employees:
Regarding employees: this laundromat operation does not have employees at this time.
Years established:
2020

Other Information

Support & training:

The owner is the landlord, out of state and absentee and is prepared to supply an appropriate transitional period to the new owner.

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

Owner financing is available to qualified buyers with an appropriate down payment and credit.

Furniture / Fixtures value:
$170,000 - included in the asking price
Inventory / Stock value:
$1,000 - included in the asking price

Listed by

Regal Consulting Corp.

Contact Regal Consulting Corp.

  1. This email address is already registered. Log in to continue.
  1. What will I receive?

    BusinessesForSale.com is committed to protecting your privacy. Ticking this box means you are consenting to us sending you marketing emails.

    You will receive newsletters, updates and offers about business and franchise opportunities. We will also send you information about related business and franchise events.

    You can change your mind at any time by clicking unsubscribe in the footer of our emails.

    Find out more about what we do with your information in our privacy policy.

  2. What will happen?

    When you tick this box we will pass a copy of your details (excluding your message) along with the name of the business you inquired on to finance specialists Guidant Financial. They will contact you about financing your business purchase.

By submitting this form, you confirm that you agree to our terms and conditions. Please note that BusinessesForSale.com will send the above details to Regal Consulting Corp.. For more information about how we use your data, read our privacy policy.

Selling a business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Trial available.

Sell Your Business