Laundromat Card System
New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $450,000 |
$185,022 |
$94,537 |
Furniture and Fixtures Value:
$400,000 (included in the asking price)
Business Summary:
Card system laundromat built three years ago. Located in an inner-city setting in Passaic County. Owner invested in the top of the line equipment continental soft mounts. Seller owns the property and would give long-term favorable lease. Sales are trending up month after month. Seller believes 2018 sales will be up 10%. Laundromat is fully staffed and run completely absentee. Bank financing available for qualified buyers. 28% wash and fold & 72% self-service. Seller keeps meticulous numbers. 20 Washers 20 Dryers. Manager currently gets paid 30k a yr. 30k was added to bottom line profits to reflect owner operator
|
|
| |
|
| |
|
| Year
Business was Established: 3 |
| |
|
| Number of Employees:
2 F/T |
|
| |
|
| Facilities / Terms of Lease:
1300 sq. ft. card system laundromat, on street parking, newly renovated, long lease, $1500 RENT a month, rent all equipment continental 3 years old. |
|
| |
|
| Potential
Growth/Expansion:
Manager makes 30,000 a year. Manager can absorb salary to add to bottom line profits. |
|
| |
|
| Competition:
Little competition in area |
|
| |
|
| Owner
willing to finance:
Bank financing available 35% down payment required |
|
| |
|
| Owner
willing to train:
Seller will stay on to train |
|
| |
|
| Reason for selling:
Seller own building and is looking for a good tenant |
|
|
|
| REQUEST MORE INFO |
 |
|
