Coin-Op Laundromat
Union County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $415,000 |
$500,480 |
$100,812 |
Business Summary:
A MUST SEE! Established Laundromat run absentee with huge upside potential, within walking distance of tons of apartments. Large parking lot with direct access to Laundromat. Ideal demographic, 85% Hispanic. Full basement, full mezzanine office. Fully staffed with experienced manager. 20 year lease with 5% increase every 5 years, fully assignable with right of first refusal on sale of building. Equipment is 7years old in immaculate condition, maintained by owner. Numbers are 100% provable and financing is available. 46 Huebsch washer + 56 Huebsch dryers. For further information, please contact 908-851-9040 and ask to speak with James Flippin at Ext 265.
• Ideal demographic – 85% Hispanic
• 2 entrances
• Full basement
• Full mezzanine office
• Huge parking lot
• 20 year lease w/ 5% increase every 5 years
• Fully assignable lease
For further information, please contact 908-851-9040 and ask to speak with James Flippin at Ext 265.
|
|
| |
|
| |
|
| Year
Business was Established: 2002 |
| |
|
| Facilities / Terms of Lease:
4,400sq.ft/ office 500 sq.ft; parking in back. Immaculate condition. Lease 20 years. |
|
| |
|
| Potential
Growth/Expansion:
Add dry clean drop, plus delivery, ATM, |
|
| |
|
| Competition:
Minimal |
|
| |
|
| Owner
willing to finance:
available |
|
| |
|
| Reason for selling:
Other interests |
|
|
|
| REQUEST MORE INFO |
 |
|
