Laundromat with Real Estate
Mercer County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $330,000 |
$102,000 |
$39,000 |
Furniture and Fixtures Value:
$50,000 (included in the asking price)
Real Estate:
$330,000 (included in the asking price)
Business Summary:
Price includes real estate on well-traveled street in urban area with numerous local rental apartments. Laundromat is run absentee and highly visible to traffic. Ample parking on property. Laundromat plus one retail shop on first floor. Large rental apartments on second floor. All Dexter equipment (about 15 years old): 16 washers (12-25lbs, 3-40lbs and 1-55lb), 20 stack dryers. Boiler, Equipment and property all-maintained. Full basement for additional storage. Areas for revenue improvement: was & fold and commercial accounts. Additional rental units coming to neighborhood will create more customer demand. Other income represents net building income (rent income ($47k) less real estate tax ($9k), insurance and maintenance)
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| Year
Business was Established: 1989 |
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| Number of Employees:
2pt |
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| Facilities / Terms of Lease:
Lot 4,925 sq ft, two rental floors 2,115sq ft each. Ample onsite parking, Laundromat 25 years old. One other retail tenant plus large apartment rental on second floor. Facility in good condition. |
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| Potential
Growth/Expansion:
Additional rental apartments coming to local area. Wash and fold can be increased, commercial accounts can be added. |
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| Competition:
No immediate competition. Local demographics support Laundromat. |
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| Owner
willing to finance:
No Seller Financing |
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| Owner
willing to train:
As required |
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| Reason for selling:
Other business interests |
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| REQUEST MORE INFO |
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