Laundromat In Passaic County For Sale

Business description

This Laundromat is one of New Jersey's premium, full service Laundromat 3,800 sq. ft. very clean and spacious flat screen TVs throughout the Laundromat. 74 machines (Speed Queen). Ample parking current owner work 10 hours a week. Long lease in place. Owner willing to hold a note for a qualified buyer. Self service (80%) WnF (15%), other 5% (dry clean, soap, vending). For further information please contact Douglas Bodner by clicking on the contact seller button below.

Property information

Premises details:

3,800 sq. ft. Laundromat with 74 machines (speed queen), ample parking, 14 years left on lease Laundromat is well maintained and clean

Size in square feet:

3,800 sq. ft.

Business Operation

Expansion potential:

Owner operator can expand commercial and wholesale accounts

Competition / Market:

Little competition

Reasons for selling:

Seller going through personal problems

Trading hours:

Mon-Fri 7am-12am, Sat-Sun 6am-12am

Employees:

2FT/1PT

Years established:

11 years

Other information

Support & training:

Seller will stay on to train

Owner financing:

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

Financing available:

Seller will hold $135,000 note to qualified buyer over 5 years at Prime + 1%