Laundromat LAUN355

Price: $699,000

Location: Passaic County, New Jersey

Industry: Laundromat

Listing ID: LAUN355

Mega highly profitable and modern commercial laundromat located in a highly active municipality of Northern New Jersey. This business is located in a major urban city with a huge population and in the county of Passaic. The laundromat consists of forty-eight (48) washers and fifty (50) double stack dryers, mid age, and all in excellent working condition.  The company has a gross reported income of $469,581 and a verifiable net yearly income of $159,244. They offer Drop-Off Wash & Fold Laundry Service at a profitable rate, and they accept cash and all major credit cards for your convenience. No cash is required, this business also features many standard sized washer and dryer units, along with several larger-capacity units, allowing customers to wash and dry clothing and fabrics of all sizes. Also, all of the washers and dryers included in this operation are specifically card operated.  This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment with substantial growth potential to the owner operator prior to debt service.

Listing Details

Revenue: $472,000

Cash Flow: $175,000

FFE: $370,000 (Included in Price)

Ron Cervelli

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