Absentee run Laundromat; Making good headway
Union County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $200,000 |
$150,000 |
$24,500 |
Furniture and Fixtures Value:
$165,000 (included in the asking price)
Inventory Value:
$200 (included in the asking price)
Business Summary:
Completely absentee coin operated laundromat; taken over & completely refurbished 1 year ago, business then was a loser; now showing signs of resurface, one partner recently suffered stroke & remaining partner has no time for new buyers & store; Equipment was refurbished or new;26 washers,10 brand new 3/60, 5/50, 8/40, 10/20, 14 dbl stacked dryers all refurbished; 500,000 BTU recently expected; new tenant in mall, a food chain market moving into mall; at present no additional income; wash & fold 2% non-existent; new owner can place other profit making ventures business; lottery, build up wash & fold has rack for dry cleaning; can place soda/chips for sale behind counter; laundromat super clean, with present staff they do not know store is for sale; buyer contact your agent for owner meeting.
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| Year
Business was Established: 31 |
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| Number of Employees:
5 |
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| Facilities / Terms of Lease:
1,800 sq. ft. facility; 54 machines, 26 washers; mall parking; 13 year lease (10 year option); extremely clean; 10 brand new washers; 4 years left on warranty; everything in top condition |
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| Potential
Growth/Expansion:
Getting into wash/fold and cleaner drop store operation; there is a clothing rack; notion sales and lottery are good extras to obtain; vehicle can be obtained with sale to start pickup and delivery 1997 Ford Van.
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| Competition:
At present time for this is the only clean laundromat in entire area; taking away trade from competitors. Does not even emphasize wash/fold |
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| Owner
willing to finance:
Owner would do $10,000 in financing payout within one year |
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| Owner
willing to train:
2 weeks |
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| Reason for selling:
Absentee partner has massive stroke and is paralyzed |
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| REQUEST MORE INFO |
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