Coin Laundromat
Union County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $220,000 |
$202,000 |
$67,900 |
Inventory Value:
$2,000 ( not included in the asking price)
Business Summary:
This Coin Laundromat is in an inner city location with 45 washers (18 new) and 40 dyers. Majority of the equipment is 10 years old. Numbers reflect an owner operator, currently seller nets $43,350 “absentee”, Seller added back $25,000 in payroll to show for an owner operator. 25% Wash and Fold, 75% self-service. Plenty of parking, long lease in place.
|
|
| |
|
| |
|
| Year
Business was Established: 20 |
| |
|
| Number of Employees:
3 |
|
| |
|
| Facilities / Terms of Lease:
2500 sq. ft. parking for 30+ spots; long lease; 85 machines |
|
| |
|
| Potential
Growth/Expansion:
Owner operator can expand wash and fold |
|
| |
|
| Competition:
There is competition in area but the demographics are good |
|
| |
|
| Owner
willing to train:
Seller will train |
|
| |
|
| Reason for selling:
Looking at other opportunities |
|
|
|
| REQUEST MORE INFO |
 |
|
