Coin Laundromat
Essex County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $229,000 |
$130,000 |
$57,820 |
Furniture and Fixtures Value:
$150,000 (included in the asking price)
Inventory Value:
$500 ( not included in the asking price)
Business Summary:
This is a well-maintained laundromat with lots of foot traffic, very clean and spotless inside. It is currently run by the owner who also owns the building and will give a long-term favorable lease. The owner works about 65 hours a week with a part-time worker that works about 15 to 20 hours a week. Seller is looking to retire and is looking for a good Tenant. 20 washers (6yrs old) & 20 dryers (15yr old) all Heubsch. Seller keeps meticulous record keeping and can demonstrate the numbers to any qualified buyer. 20% Wash and Fold and 80% Self Service.
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| Year
Business was Established: 15 |
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| Number of Employees:
1pt |
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| Facilities / Terms of Lease:
1600 sq. ft. Coin laundromat 20 washers, 20 dryers, Heubsch Washers 6 years old and Dryers 15 years old. This is a very well maintained laundromat. Seller owns building and will give a long term lease. |
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| Potential
Growth/Expansion:
Can all a delivery service and other vending. Currently there is no vending. |
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| Competition:
Little competition |
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| Owner
willing to train:
Seller will train |
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| Reason for selling:
Wants to retire and just collect rent |
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| REQUEST MORE INFO |
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