Busy North Hudson laundromat
Hudson County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $435,000 |
$216,329 |
$101,000 |
Furniture and Fixtures Value:
$200,000 (included in the asking price)
Inventory Value:
$825 ( not included in the asking price)
Business Summary:
Owner reports all figures from his personal income tax. Situated in a highly overpopulated area. Surrounded by tenements and apartments. Massive apartment complex one block away. Place is always busy- have to zigzag thru patrons to get to rear. Wash and fold 40%, area needs more laundromats. Besides vending, also has coin changes, 3 TV’s, and 12 cameras. 30 washers 2/50- 9/35- 6/25 -13/18lbs. 2 hot water boilers in basement. Washer Huebsh. Maytag, and Wascomats. 18 Double stacked dryers (1 yr old) DEXTERS. AREA IS IN OVERPOPULATED, NORTH Hudson Area. Water bill 1,200/ sewage 1,800 monthly included in utility figures. Residents have to walk to place, parking in area is tight- do not move their cars. Does drop cleaners business also about 1.5% of total business income. Long lease extended easy to obtain.
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| Competition:
In North Hudson every laundromat does well, keep the machines running and operate, will do business- this place is situated in overly populated apartment areas. |
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| Owner
willing to finance:
Owner would do financing of $50K at prime + 2% payable in 90 days |
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| Owner
willing to train:
Two weeks |
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| Reason for selling:
Moving south |
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| REQUEST MORE INFO |
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