Card System Laundromat
Passaic County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $900,000 |
$546,000 |
$140,000 |
Furniture and Fixtures Value:
$600,000 (included in the asking price)
Business Summary:
6000 square-foot card system laundromat is state-of-the-art with a total of 123 machines ( 57) washer & (66) dryers all IPSO seller runs business completely absent only doing collections once every three weeks there is no water bill as there is a well and use well water keeping the cost low. Seller can back into all numbers shown on this fact sheet via the card system reports. There is lots of room for growth. Parking for 30+ cars 24yrs on lease, motivated seller won’t last!! Self-serve 75%+, w&f 15%+, soap sales 7%, vending 3%, motivated seller.
|
|
| |
|
| |
|
| Year
Business was Established: 5 |
| |
|
| Number of Employees:
6 |
|
| |
|
| Facilities / Terms of Lease:
6000 sq. ft. open style card system laundromat with parking for 30 cars. All equipment is less than 5 years old. Long term lease 20+ years |
|
| |
|
| Potential
Growth/Expansion:
This absentee laundromat is not being run to its fullest potential lots of room for growth needs new management in place, an owner operator with his pulse on the business can really thrive. This is the largest laundromat in the area at over 6000 ft.² and 123 machines it sets the standard. Great location safe and plenty of opportunity to grow a wholesale business or commercial business. There is also an enclosed parking lot with a gate there's opportunity to rent it out as there's limited street parking in the area lots of opportunity for other sources of revenue and growth potential. |
|
| |
|
| Competition:
There is competition in area but the demographics |
|
| |
|
| Owner
willing to finance:
Financing available for qualified buyer; Buyer will be required to put 40% down. A balance to be paid over 7 years @ 7% +/- |
|
| |
|
| Owner
willing to train:
Seller will train buyer |
|
| |
|
| Reason for selling:
Seller will train buyer |
|
|
|
| REQUEST MORE INFO |
 |
|
