3550vm Inner City Laundromat
Passaic, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $189,000 |
$84,000 |
$38,331 |
Furniture and Fixtures Value:
$180,000 (included in the asking price)
Business Summary:
Compact, neatly arranged, inner city Paterson laundromat with parking. All machines Dexters, 2 yrs. old. Currently 16 washers: 10/25 lb. $2.00, 3/40 lb. $3.75, 3/55lb $4.75; change machines, TV, 4 work tables, chains, and carts. Rear entrance. Does wash /fold. Detergents sold behind desk area. Perfect place for dry clean drop, has room for vending machine. Few laundromats in area. Store with equipment cost more to put together than selling price. Does no advertising or promotions. Sales up 35% for 2nd year projected sales for this year well over $120,000. Business on steady incrase for this mighty mite. Semi absentee.
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| Year
Business was Established: 2006 |
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| Number of Employees:
1 pt |
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| Facilities / Terms of Lease:
850 sq. ft. store, 26 machines, 13 washes, great lease 15 yrs. has parking only 2 yrs. old. |
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| Potential
Growth/Expansion:
Drop off service, putting in vending machines, expanding was and fold side of business. |
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| Competition:
Very few laundromats in the inner city that has parking, this creates a big advantage for laundromat. |
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| Owner
willing to finance:
owner wants all cash for store |
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| Owner
willing to train:
two weeks |
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| Reason for selling:
owner building restaurant he will run |
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| REQUEST MORE INFO |
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