Business Summary:
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.
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