Morris County Laundromat Winner
Morris County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $120,000 |
$230,000 |
$46,887 |
Furniture and Fixtures Value:
$100,000 (included in the asking price)
Inventory Value:
$800 ( not included in the asking price)
Business Summary:
NEW BUYER RECEIVES NEW LEASE. $2,000.00 MONTH REDUCTION $24,000 REDUCTION IN LEASE PER YEAR. No vending or game machines with adding income and reduction in rent, profit level would top $50,000 – Machines 8 years old, 6 top loaders, Three DBL 25 lbs., Five 35 lb., Three 50lb. and 19 dryers. Two change machines, 1 soap machine, assorted tables, wagons, chairs and parts. No vending or game machines inside allowed. Does wash/fold, no pick up or delivery, no competition for this service in area. In a major food store mall, some smaller stores went out, that is the reason landlord would lower rent in a major way – Length of lease to be negotiable to new buyer. Largest mall in the area with plenty of parking. ABSENTEE OPERATED. For further information please contact Vito Mastromonaco at 908-851-9040 Ext. 285.
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| Year
Business was Established: 1977 |
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| Number of Employees:
6 |
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| Facilities / Terms of Lease:
Clean Laundromat, located in major food chain larger mall. 39 machines, plenty of parking. Landlord willing to give new buyer major reduction in rent at least $2,000 per month. |
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| Potential
Growth/Expansion:
A must see, is putting in game machines and vending machines missing Mega Dollar of income by not having these income producing revenues |
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| Competition:
Largest store in the area, has faithful clientele |
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| Owner
willing to finance:
$20,000 negotiable |
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| Owner
willing to train:
2 weeks |
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| Reason for selling:
Partners spliting, retirement |
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| REQUEST MORE INFO |
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