Dry Cleaning Business for sale imageDry Cleaning Business for sale img
Dry Cleaning Business for sale graphic
Listing Number: 3421

Buy a Dry Cleaning/Laundry Business in Bergen County, New Jersey

Business: Buy a Dry Cleaning/Laundry Business
County, State: Bergen County, New Jersey
Business Type: Laundromats, Dry Cleaning/Laundry Services

Summary Description

To build a store like this today would cost in excess of 1/2 million dollars. After months of finding your location, lease negotiation, architect plans, planning board and building permit approvals, professional fees, obtaining financing, construction and equipment estimates, the job finally begins. With a little luck your store will be completed in 3 - 6 months at or near budget and you open waiting for your first customer to walk through the door. OR Take over this established Northern New Jersey Laundromat for a lot less and start counting the quarters today. The Laundromat features 19 18lb Wascomat Junior W74 Doubleloader washers, 4 50lb Wascomat W184 Giant Washers, 8 35lb Wascomat Washers and 26 Huebsch Dryers, Soda machine, Payphone, and 2 change machines all owned by seller. Business consists of 62% coin operated Washer/Dryer, 22% Wash & Fold, 13% Drop Store Dry clean, and 3% Vending machines. The Lease ends in 2019. Besides featuring great numbers, the store has huge potential. It does not provide pick up or delivery or alterations. This Laundromat is a great opportunity of a new absentee owner, or an owner operator depending on how you structure the operation. This business will not last long.

About the Sale

Asking price: $175,000 (USD)

Financing: $80,000 down and $95,000 @ 7.5% over 36 months

Total Revenues: $187,000 (USD)

Cash Flow: $50,376 (USD)

Reason Selling: Owner Moving out of state

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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.