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Card System Laundromat

Union County, New Jersey

Asking Price: Gross: Cash Flow:
$1,230,000 $497,247 $207,000

Furniture and Fixtures Value:
$600,000 (included in the asking price)

Inventory Value:
$0 ( not included in the asking price)

Business Summary:
This is a 4,000sqft card system 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. 2014 closed out at $459K, the numbers on this factsheet are projected on the figures of the last 6 months and annualized for a year. All equipment is huebsch 3.5 years old 48 washers & 42 dryers. 20 year lease. Breakdown of sales self-service, Wash & Fold, Soap retail . Other income of $1800: is from Vending. Financing available for qualified buyer please make sure you send this out ONLY to qualified prospects they must have$ 500,000 “LIQUID” and a perfect credit score to engage with this opportunity

 
   
   
Year Business was Established: 4
   
Number of Employees: 3  
   
Facilities / Terms of Lease: 4,000 sq. ft. card system laundromat with long lease and plenty of parking, very clean brand new building was built 3.5 years ago.  
   
Potential Growth/Expansion: Owner operator can expand business by adding a commercial and residential route to this business.  
   
Competition: There is competition in the area however the demographics warrant this service  
   
Owner willing to finance: A qualified buyer can obtain bank financing  
   
Owner willing to train: Seller will train  
   
Reason for selling: Other business opportunity  
 

 

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