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Card System Laundromat

union County, New Jersey

Asking Price: Gross: Cash Flow:
$1,200,000 $520,000 $225,000

Business Summary:
This is a mega coin Laundromat located in the heart of the inner-city with a heavy flow of foot traffic this Laundromat offers parking for 9 cars as well as additional shared parking. All equipment is huebsch, 1.5 years old still under warranty, 48 washers & 42 dryers. 18 years remaining on the lease. Breakdown of sales are (75%) self-service, (14%) Wash & Fold, (11%) Soap retail.

 
   
   
Year Business was Established: 2012
   
Number of Employees: 3ft/1pt  
   
Facilities / Terms of Lease: 4000 sq ft Laundromat with parking 48 washers and 42 dryers 18 years remaining on the lease  
   
Competition: Owner operator can increase wash and fold and pick up some commercial accounts.  
   
Owner willing to finance: Financing available for qualified buyer  
   
Owner willing to train: Seller will stay on to train  
   
Reason for selling: Other business interests  

 

 

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