Laundromat
Passaic County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $365,000 |
$219,000 |
$131,162 |
Furniture and Fixtures Value:
$180,000 (included in the asking price)
Inventory Value:
$500 ( not included in the asking price)
Business Summary:
Entire family run Laundromat in a heavily Hispanic populated area. NO other Laundromats of size in entire area, perfect place to purchase to keep family intact in same facility. Has rear office family room. 26 washers from 18 lb (21) to 50 lb. (3). 16 DBL stacked dryers total 32. Coin system, has bill changer, 2 flat screen TVs, loads of equipment including 8 security cameras. Laundromat if not purchased by an owner/operator $40,000 for payroll has to be subtracted from cash flow. Has several vending machines some owned (2), plus others where owner is given a percentage. Making absentee run profit approximately $91,000. In heavy Hispanic safe area with plenty of street parking. Most clientele walk to located store. No specials, all wash and fold prices just went up. Wash and fold even after price increase show improvement. Profits as a forecast look higher. For further information please contact Vito Mastromonaco at 908-851-9040 Ext. 285.
|
|
| |
|
| |
|
| Year
Business was Established: 1967 |
| |
|
| Facilities / Terms of Lease:
Laundromat with all equipment located on both sides of wall, street parking in area all machinery well kept. Excellent long term lease, 58 machines |
|
| |
|
| Potential
Growth/Expansion:
This place can do more internal business by doing advertising and running specials – neither of which it does at present |
|
| |
|
| Competition:
No other Laundromats of size in the entire area |
|
| |
|
| Owner
willing to finance:
Owner seems to want an all cash offer, small amount can be financed |
|
| |
|
| Owner
willing to train:
Two weeks |
|
| |
|
| Reason for selling:
Owner wants to invest in other form of business |
|
|
|
| REQUEST MORE INFO |
 |
|
