Great Return Laundromat
Camden County, New Jersey
| Asking Price: |
Gross: |
Cash Flow: |
| $750,000 |
$502,575 |
$190,105 |
Furniture and Fixtures Value:
$300,000 (included in the asking price)
Inventory Value:
$1,000 ( not included in the asking price)
Business Summary:
Only $300,000 down. This huge 108 machine Laundromat (card system store run absentee) also has empty adjacent store 2000sq.ft included in its rent. Present facility is 6,000sq.ft with 108 machines, 54 washers, figures represented are anticipated and expanded revenue for a new owner buyer within one year of purchase. At present corporate run store is doing $8,200 weekly. Projected new revenue would bring weekly revenue up to $9,665.00 weekly. Providing new owner would be hands on. With purchase price of $750,000 with only $300,000 down. New buyer can maintain an income of over $100,000 annually while paying off loan and utilizing adjacent store. Location is in area where sales increase in volume should be easy to come by, since dryers are free. Owner operator can eliminate. This is a rare opportunity to get involved in Laundromat business and receive a $100,000 income while loan can be paid off by buyer with financing, that is available as long as buyer can meet credit standards. Card system store are gaining in populations and seems to be the future of the Laundromat business. For further information, please contact Vito Mastromonaco at 908-851-9040 Ext 285
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| Year
Business was Established: 2007 |
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| Number of Employees:
4 |
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| Facilities / Terms of Lease:
Very large store 12,000sq.ft adjacent empty store available, extremely neat and well maintained. Has own parking lot, all equipment well maintained with an excess of relative equipment TV’s, tables carriages. |
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| Potential
Growth/Expansion:
There is empty store adjacent to Laundromat within rental expense- Store can be used for many purposes expansion of present store, cleaners or some related business such as clothing boutique or baby clothes retail space. |
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| Competition:
This store closed down neighboring stores when first open business is constant. |
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| Owner
willing to finance:
Owner would accept $300,000 down and finance balance |
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| Owner
willing to train:
Two weeks |
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| Reason for selling:
Corporate owner- store out of their normal area |
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| REQUEST MORE INFO |
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