Essex county Card system Laundromat

Essex county, New Jersey

Business Summary: This is an established laundromat that was recently renovated . They shut it down and re-tooled 75% of the Machines. There are 23 washers that are original. The age is approximately 15 years old. 28% of income is wash & fold. These numbers are annualized and are super conservative forecasted projections as the stronger end of the year will bring those numbers up. Net profit is on par to do $227,816 for 2023 yr end. There is plenty of foot traffic & street parking. Keep in mind this is still relatively new store, so there’s plenty of room for growth. For more information please contact: Douglas Bodner Listing ID#23088 (908)-851-9040 ext.204 https://www.youtube.com/shorts/WKjdRTCdcPk
Facilities / Terms of Lease: -3,000 sq. ft. -street parking -Re-Opened January 2023 -long lease in place -All dryers are new wascomat, -13 washers are new wascomat -23 washers are 15yr old