Turnkey Laundromat In Residential Passaic Area For Sale

Business description

A turnkey Laundromat in a residential area offered with the Real Estate property and located in a densely populated, urban area of Passaic County, New Jersey. This local Laundromat is on a busy avenue with several commercial businesses and residential apartments in the surrounding areas. This turnkey operation is well maintained and generates a stable annual income with room for improvement with an onsite owner. The facility is equipped with 25 washers and 24 dryers, a central air system, a waiting area and a surveillance system. The owner has elected to sell the entire package including the business and real estate property at fair market value. This is an excellent opportunity to own a well established Laundromat business!

Property information

Real Estate:

Lease

Lease terms:

The seller has elected to market the business with the real estate property as a package sale. The real estate purchase is available through our real estate division.

Location:

The facility is on a free standing building with a private entrance and a waiting area for its customers.

Other information

Expansion potential:

With a marketing plan for wash & fold services and commercial accounts, this business can expand further.

Competition / Market:

No Laundromats are in this specific area.

Support & training:

Seller will provide a full due diligence and transitional period.

Reasons for selling:

Absentee owner out of the immediate area.

Trading hours:

Monday thru Sunday
8:00 am to 8:00 pm

Owner financing:

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

Financing available:

Seller financing is available

Furniture / Fixtures value:

$135,000 (included in the asking price)

Inventory / Stock value:

$500