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EZ Laundry & Dry Cleaning

Bergen County, New Jersey

Asking Price: Gross: Cash Flow:
$289,000 $268,000 $152,817

Furniture and Fixtures Value:
$190,000 (included in the asking price)

Inventory Value:
$200 (included in the asking price)

Business Summary:
Family owned by experience operator Took over laundromat that needed improvement. Now busy and functioning at all levels. Exceeding what was done in the past. 29 coin W 20lb/dexter new-5 30lb/15 yrs- 2-50lb -15yrs dexter new/ 10/40 lb maytag 15yrs/ 2-50lb-15yrs 24 dryers loaded cart/tables. Soap sold from counter, large boiler, change machine, drop store, next day pickup-600 hanger conveyor for drop store/large amount of w/f. Overall, sales up over 70,000for the same 7 months this year. W/F steadily increasing . 3 family members run operation. Place has no vending machines and they are allowed. Rent recently received reflected reduction in figures 10 year lease with options. Located in supermarket mall plenty parking. vending machine allowed.

 
   
   
Year Business was Established: 20
   
Number of Employees: 3  
   
Facilities / Terms of Lease: 1400 sq. ft. facility in large food Shopping mall only employees 3 family members. Rent reduced long lease over 10 years increasing in sales. Several new machines just purchased.  
   
Potential Growth/Expansion: Placing vending machine on Store  
   
Competition: With mall parking this is the laundromat that got new area resently sales keep going up over $10,000.00 each month.  
   
Owner willing to finance: All Cash Transaction  
   
Owner willing to train: Two Weeks Training  
   
Reason for selling: Owner and family wish to move on  
 

 

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