Redone profitable laundromat
Passaic County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $105,000 |
$92,000 |
$62,050 |
Furniture and Fixtures Value:
$120,000 (included in the asking price)
Inventory Value:
$600 ( not included in the asking price)
Business Summary:
Stand-alone building with 10 car parking. Maytag equipment 2 years old. 22 washers. 11/18- 6/35- 5/40. 3 year warranty left. 19 dryers 30lbs. 2 Boilers (6 months old) 100/ 50 gallon located in basement. Business keeps growing. Also has, soap, coin 2 Plasma TV’s, surveillance system. After purchase, Owner put in over 140K in new equipment and upgrading. W/F 8,500 receives 7,500 for parking rental. Sells vending from office. Does radio ads-worthless. Owner does all hours- neighbor fills in when needed. Other income salary 15,600, parking 7500, vending 2000, candy 600. No increase in rent at present.
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| Year
Business was Established: 2 |
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| Number of Employees:
1 |
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| Potential
Growth/Expansion:
Time- introduction of side income, lottery, key making, etc. |
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| Competition:
Larger laundromat 2 blocks away, but does not have parking and has old equipment |
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| Owner
willing to finance:
Owner would do prime plus 2% payable in 12 months |
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| Owner
willing to train:
Two weeks |
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| Reason for selling:
Commute to Queens daily too much to operate |
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| REQUEST MORE INFO |
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