Card System Laundromat
New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $2,600,000 |
$780,000 |
$436,293 |
Inventory Value:
$500 (included in the asking price)
Business Summary:
4,000 square-foot card system laundromat 51 washers, 54 dryers (heubsch). Laundromat opened September 2017. This was a new build & installed & engineered to perfection. This card system has the latest cutting-edge technology allowing you to run your business completely remotely. This laundromat has very low operating expenses relative to the sales & works on an astonishing 55% profit margin. Machines still under warranty, sales are increasing month after month. Numbers are projected based on 15k a week, currently, the store is doing 14k a week, 93% of their targeted project number. 90% self-service 10% wash & fold. Long lease available. Bank financing for qualified buyer requires 1,000,000 down. All numbers can be substantiated via card system.
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| Year
Business was Established: 2017 |
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| Number of Employees:
3 FT/2 PT |
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| Facilities / Terms of Lease:
20 years |
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| Potential
Growth/Expansion:
Currently run absentee with less than 10% wash and fold, new owner can expand this business |
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| Competition:
Little competition in this direct area |
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| Owner
willing to finance:
Bank financing available, 1 million down, balance (1.6 million) payable over 10 years at 8.5% |
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| Owner
willing to train:
Yes, seller will train buyer |
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| Reason for selling:
Owner moving in different direction |
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| REQUEST MORE INFO |
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