Multi Card System Laundromat

Bergen, New Jersey

Business Summary: Two laundromats for sale, state of the art built an engineered to perfection with the latest and most efficient equipment in the industry. Only a 15% utility cost on the machines. These laundromats are located just minutes from each other (just 4.4 miles away) Numbers below are reflected for absentee ownership an owner operator can exceed these expectations. Financing available for qualified buyer below is a breakdown of each location Location RThis 3500 sqft Laundromat was engineered to perfection with over 90 machines all manufactured by heubsch. This is a new start up Laundromat geared for the absentee owner. Fully staffed surveillance cameras in place as well as the equipment is all card system. 20 year lease in place plenty of parking. This store is projected to net 200k +/-, 85% self-service. There is financing available for a qualified buyer with 40% down. This store is projected to gross between 8k and 10k a week. NUMBERS REFLECTED ON THIS SHEET ARE BASED ON 9K A WEEK CURRENTLY THIS STORE IS DOING OVER 8K A WEEK 85% SELF SERVICELocation GThis 4,750sqft card system Laundromat was engineered to perfection with 98 machines all manufactured by heubsch. This is a new start up Laundromat geared for the absentee owner. Fully staffed surveillance cameras in place. 25 year lease in place plenty of parking. This store is projected to net 300k +/-, 85% self-service. There is financing available for a qualified buyer with 40% down. This store is projected to gross between 11k and 12 k a week. NUMBERS REFLECTED ON THIS SHEET ARE BASED ON 11,500 A WEEK store opened September 5th 2016 CURRENTLY THIS STORE IS DOING OVER 9K A WEEK after just a few weeks in business.
Number of Employees: 6
Facilities / Terms of Lease: Brand new laundromat with all equipment under warranty
Potential Growth/Expansion: Projections are based on absentee ownership; new owner can expand to a delivery service and pick up some commercial accounts
Competition: Little competition in area
Owner willing to finance: Bank financing available for qualified Buyer with 40% down. Financing is 7% over a 7-10 year period
Owner willing to train: Seller will train new Buyer
Reason for selling: Other business opportunities