Extremely Large Laundromat In New Jersey For Sale

Business description

Run absentee. Assumable third party financing available with 50% down payment. Card system Laundromat/cleaner (no cash) 56 washers, 72 dryers, all speed queen 4 years old. Has children's playroom and video machines and TV's galore. New boiler and bill changes station; plenty of other Laundromat equipment. Can assign note on equipment for over $300k - owner willing to take less. 22 - 20 lb. washers, 18 - 40 lb. 14 - 60lb. 2 - 80lb. - 36DBL (72) stack dryers 30lb. Digital scale 22 laundry cart 16 folding equipment 115 card readers Fios System soap dispensers less than 10% wash/fold and cleaning service. 8 wall mounted TV's - huge interior. Absentee run automated door opens and closes state of art equipment well laid out rent and payroll reduced in 2009.

Property information

Premises details:

Mall location with over 100 car parking. Almost new equipment, 56 washers, 72 dryers – All types of Laundromat, related equipment. 14 ½ year lease.

Other information

Expansion potential:

Going after more wash/fold business and increasing dry cleaners service. No active person within confine to push services that can be offered.

Competition / Market:

1 mile away closest competition

Support & training:

Two weeks

Reasons for selling:

Owner has invested in another type of service business.

Trading hours:

7 days 7am to 11pm, automatic door openers

Financing available:

Owner prefers all cash, however will accept small note possibilities from a strong buyer to negotiate with landlord to get better teams.

Furniture / Fixtures value:

$700,000 (included in the asking price)

Inventory / Stock value:

$1,000