Paterson Absentee Laundromat

Passaic County , New Jersey

Business Summary: Absentee owned and operated. Owner claims to be pulling out 3,000 per month clear. New owner by replacing one of employees can add 18,000 to bottom line (income 46,000). 18 wascomat washers 8/25-5/35-5/50. Now has 19 Hubesh Double stacked dryers. All equipment to be in proper operating order at time by closing. Does $18,000 in dry in dry cleaning, farm out cost 10,000. Brand new hot water heater-change machine, TVS, security cameras. Heavy duty fans, air conditions plus all other equipment very big wash/fold business- all can be increases by owner operator. For further information, please contact Vito Mastromonaco at 908-851-9040. Email: [email protected]
Year Business was Established: 1977
Number of Employees: 2
Facilities / Terms of Lease: 1,200 sq. ft. Laundromat 37 machines good 10 years addition all options available equipment will all be service and be put in tip top condition before sale.
Potential Growth/Expansion: Advertising and Specials- none of which are done at present time
Competition: This Laundromat continues to thrive in this heavily Spanish/Latin location.
Owner willing to finance: Owner would accept financing at negotiable rate of interest
Owner willing to train: 2 weeks
Reason for selling: Owner just had child had to give up Laundromat