There are Laundromats in affluent areas
Monmouth County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $110,000 |
$230,000 |
$62,752 |
Furniture and Fixtures Value:
$90,000 (included in the asking price)
Inventory Value:
$1,500 (included in the asking price)
Business Summary:
Absentee money making Laundromat does a great deal of commercial business from all sources except restaurant in a 3 store strip 8 parking plus street parking. Washers Maytag & Huebsch 2/50lb, 3/35lbs, 8/20 lbs 7/20lbs top loader, 19 dryers plus 1/35lb.State highway. Wash/fold and Dry cleaning 55% of business plenty of schools in area does pick up for commercial customers. Reason this place is available at such a low multiple only 7 years left on lease- However new owner will be granted first right on referral on the purchase of small mall based upon fair market value and appraisal at the time. Over all this is very prosperous situation located in an affluent area.
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| Year
Business was Established: 1969 |
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| Number of Employees:
4FT |
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| Facilities / Terms of Lease:
Set in small mall 8 car parking makes decent profit. 1,800 sq ft 39 machines, option to buy building. |
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| Potential
Growth/Expansion:
Always busy however advertising and extra vending machines would increase bottom line.
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| Competition:
Not too many Laundromats in area. This is one of the premier ones.
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| Owner
willing to finance:
Since the place is quite lucrative for the selling price, owner would like a substantial down payment. |
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| Owner
willing to train:
Two weeks |
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| Reason for selling:
Absentee owner who is a contractor wants to get back to construction. |
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| REQUEST MORE INFO |
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