Inexpensive Laundromat
Essex County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $179,000 |
$110,160 |
$39,110 |
Furniture and Fixtures Value:
$150,000 (included in the asking price)
Business Summary:
Small compact Laundromat/ half of equipment brand new (2-55lb Wascomats/ 5-20lb Wascomats. Maytags older 1-50lb/ 2-35lb/5-18lbs) Dryers Brand New 4 DBL Wascomats plus 4 DBL speed queens all 30lbs. Brand new change machine, 42inch tv, refrigerator and security cameras. Very inexpensive lease goes up only $25.00 every year for next 18 years. Place can achieve profit of over $65,000 yearly by opening up at 7:00am and closing at 9:00pm. A long shelve can be placed by entrance for the sale of convenience items ( No stores in area) Presently does over $800 week on a small selection of convenience store items. Has NO WASH & FOLD, no lottery in area also. Discounted selling price if sold as package with listing #4225. Both Laundromats have been in area for years with virtually no competition in area except for companion store. ($348k for two stores). For further information, please contact Vito Mastromonaco at 908-851-9040 Ext. 285.
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| Year
Business was Established: 1970 |
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| Number of Employees:
2 |
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| Facilities / Terms of Lease:
Same compact street parking most machines brand new. Really cheap lease 18 + years $1,025 month goes up $25 per year. |
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| Potential
Growth/Expansion:
Placing convenience store shelve and selling most popular items and initiating WASH/FOLD can bring in over $20,000 more profit annually. Opening up at 7am has to bring in $5,000 profit also |
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| Competition:
In this area of town only competition is companion laundromats for sale with this one as a package |
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| Owner
willing to finance:
Owner prefers all cash |
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| Owner
willing to train:
Two weeks |
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| Reason for selling:
Owner wants to go back and live in Europe |
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| REQUEST MORE INFO |
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