Modern Laundromat In Passaic County For Sale

Business description

Commercial Laundromat with option to purchase the real
estate located in an urban area and densely populated city of
Passaic County, New Jersey. The business was built in 2001
consisting of a 1,150 square foot clean modern facility. The
equipment is also eleven years young consisting of twenty
three Wascomat washers and twenty two high end
commercial dryers. The business is designed to function
independently without employees due to the state of the art
equipment. The sale includes twenty tree Wascomat
Commercial Washers, twenty two front loader dryers,
Hamilton Boiler, Card system, large screen TV, full camera
system, coin and soap machine, etc. The building has a legal
capacity for 49 patrons, 1,150 sq ft, on one main floor with a
full clean dry basement used for storage. Private parking is
on the site and part of lease agreement & additional municipal
parking. The business is operational seven days with hours
from 7:00 am to 9:00 pm. The business has a municipal
Certificate of Occupancy from the municipality. The business
has a long term ten year lease with a monthly rent of $2,200
and a first right of refusal option to purchase the real estate
with three rentals monthly income of $5,000. Due to the card
system & no wash and fold, no employees are required for
this business. The business has a full card system eliminating
the need for coins and the present owner does not offer a
wash and fold service. The sale includes an eleven year old
Hamilton Boiler in excellent working condition.

Property information

Location:

The facility consists of 1,150 square feet in a clean modern and state of the art designed facility. The business is on a highly active commercial avenue which attracts a large volume of potential customers. Located in an urban highly populated city of Passaic County, New Jersey. The general area consists of a large volume of residential apartment houses and a continued demand for this personal service

Business Operation

Competition / Market:

With on site management, an improved marketing plan for wash and fold this business can be further improved and developed for a higher income.

Reasons for selling:

Retiring from the industry and out of the area after many years of success.

Years established:

2001

Other information

Support & training:

The seller will supply a long term transitional period and remain 30 days post closing.

Owner financing:

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

Financing available:

Bank financing has been preliminary approved.

Furniture / Fixtures value:

$75,000 (included in the asking price)

Inventory / Stock value:

$1,000 (included in the asking price)