Businesses For Sale > Business For Sale in Essex County, New Jersey (NJ)

Laundromat & Real Estate Absentee Run for sale in Essex County, NJ

Essex County, New Jersey (NJ)

Asking Price:	Gross:	Cash Flow:
$ 1,500,000	$ 458,714	$ 144,000

Inventory Value:
$ 5,000 (not included in the asking price)

Real Estate:
$ 700,000 (included in the asking price)

Business Summary:
This Laundromat & Real Estate was completely renovated and has 3,350 sq. ft. on the main level and 360 sq. ft. 2nd floor mezzanine, the lot size is 16,339 sq. ft. The Laundromat has an automated door opener, vending machines, Flat screen TV\'S throughout, camera\'s throughout with online remote access to laundromat, free standing building which includes a second floor office with full view of the Laundromat and includes the company\'s website. Plenty of off-street parking located on busy street with good signage. The real estate was last appraised for $700,000. In June 2010. This laundromat is run absentee with employee\'s salaries of $100,000.00. An owner operator can realize an additional $30,000.00+ and other operational savings. Great opportunity for owner operators to increase sales and reduce operating expenses & own the real estate. Total available cash flow for owner operator $144,000+/- (before debt service) PARTNERSHIP SPLIT UP FORCES SALE!!! For further details, call Larry Bodner 908-851-9040 EXECUTIVE BUSINESS BROKERS

Year Business was Established: 2009

Number of Employees: 2FT/5PT

Facilities / Terms of Lease: State of the art Laundromat (Card System); 7 year Old Equipment installed in April ,2009 (46 Washers, 50 Dryer Dexter); The Real Estate was completely renovated 7 years ago; Plenty of off street parking; This Laundromat is run absentee; Real Estate Taxes 2015- $18,787 +/-.

Potential Growth/Expansion: Store run absentee. Owner operator can easily reduce operating expenses and increase sales through a more effective marketing program.

Competition: Limited Competition in area

Owner willing to finance: SBA Financing available to qualified Buyers

Owner willing to train: Seller will arrange for training.

Reason for selling: Partnership splitting up

Seller Reference Number: 5749LB
BusinessMart.com Listing Number: 191592

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For more info contact:

Larry Bodner
Executive Business Brokers
908-851-9040

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