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

Medium Sized Essex Laundromat for sale in Essex, NJ

Essex, New Jersey (NJ)

Asking Price:	Gross:	Cash Flow:
$ 350,000	$ 150,000	$ 33,506

Furniture and Fixtures Value:
$ 200,000 (included in the asking price)

Inventory Value:
$ 400 (not included in the asking price)

Business Summary:
Medium size and efficient Laundromat located in extremely safe area in Newark. Surrounded by home owners in small shopping area. Equipment includes all Wiscomat front loaders, 14 Double Stack Dryers 28 (30lb.), 23 washers 7 (20lb.), 13 (40lb.), 3(55lb.). Four years old. 1 TV, chairs, tables, carts, change machine - central air, hot water, heater, 4 years old also does about $20,000 yearly wash/fold corner store with ample street parking. Owner is landlord. No near by competition.

Year Business was Established: 2004

Number of Employees: 2

Facilities / Terms of Lease: Medium sized facility with newer equipment, owners lease to tenant. Plenty of street parking.

Potential Growth/Expansion: No advertising, no promotion. Good lease given by landlord would give new owner 20 years and more of ownership.

Competition: No competition in neighborhood which is a very safe area in Essex County.

Owner willing to finance: Owner would accept financing of $140,000 � with length and interest rate to be negotiable.

Owner willing to train: 2 weeks

Reason for selling: Owner wishes to return to her country.

Seller Reference Number: 3668vm
BusinessMart.com Listing Number: 45314

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For more info contact:

Larry Bodner
Executive Business Brokers
908-851-9040

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