Neighborhood Laundromat
Hudson County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $209,000 |
$175,000 |
$67,000 |
Furniture and Fixtures Value:
$50,000 (included in the asking price)
Inventory Value:
$500 ( not included in the asking price)
Business Summary:
Neighborhood Laundromat – in heavily safe Hispanic area in North Hudson. Family operated with one employee other employees -2 family members. Equipment appears new 24 washers Huebsh, all front 12 DBL stacked dryers 4 years old. Does big wash/fold 10% and drop cleaning business 15%. Vending machine – flat screen TV, dollar changer. 3 employees only one salaried 60 hours. Two family members work less than 20 hours weekly each. No immediate competition in an area. Filled with local Laundromats, nearest 3 city blocks away. Brand new (1 year), hot water boiler, wash/fold 10% of business – 15% drop cleaning business store does no advertising, nor does it have any promotions. Front can use better visual identification. For further information please contact Vito Mastromonaco at 908-851-9040 Ext. 285.
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| Year
Business was Established: 1997 |
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| Number of Employees:
3 |
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| Facilities / Terms of Lease:
2,500 sq. ft. Laundromat, newer equipment, 13 year lease at low increments. Plenty of street parking in extremely safe area |
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| Potential
Growth/Expansion:
Advertising/promotion and better identification in front |
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| Competition:
All throughout North Hudson neighborhood Laundromats abound – closest one to this specific Laundromat is 3 blocks away. This is considered a far distance in this location |
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| Owner
willing to finance:
Owner wants all cash |
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| Owner
willing to train:
Two weeks |
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| Reason for selling:
Other business interests |
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| REQUEST MORE INFO |
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