Big Time Laundromat still around...
Essex County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $699,000 |
$425,725 |
$179,665 |
Furniture and Fixtures Value:
$200,000 (included in the asking price)
Business Summary:
Absentee run – 98 machine extremely large 3,600 sq. ft., 98 machines set in the middle of a major food store chain plaza – has unlimited parking. 98 machines are Speed Queens. 8 years old – 12 year life cycle is expected from them. Machines kept in good repair. Less than 1% wash and fold. 24 double stacked dryers, 22 -20lb. washers, 12 -40lb., 10 -60lb., and 6 -80lb. (98 total) soap center, 3 dollar changers, TV’s, work tables, chairs, retail office that can be set up to handle increased volume and wash/fold that is now less than 1% of total business. 4 vending machine income only $600.00 per year – new arrangements have to be made there. Water charges included in rent with the right management in place, Laundromat can prosper better. Advertise where there is none – going after wash and fold business in town through pick up and delivery, place can use a little TLC. Extremely important factor ALL WATER CHARGES ARE INCLUDED IN THE MONTHLY RENT. For further information please contact Vito Mastromonaco at 908-851-9040 Ext. 285.
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| Year
Business was Established: 1993 |
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| Number of Employees:
5PT |
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| Facilities / Terms of Lease:
98 machine facility located in center of town in the largest food superstore’s plaza – unlimited parking, good 18 years lease can receive longer, water included in rent – 18 year old facility, machines 8 years old – all absentee |
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| Potential
Growth/Expansion:
Going after wash/fold pick up from local travel/napkin users and delivery |
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| Competition:
This store still has the muscle to out maneuver competition |
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| Owner
willing to finance:
Strength of Buyer can dominate negotiations |
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| Owner
willing to train:
Two weeks |
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| Reason for selling:
Time to retire and move on |
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| REQUEST MORE INFO |
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