MergerPlace

Card System Laundromat

New Jersey


  • Asking Price: $2,600,000
  • Gross Income: $780,000
  • Cash Flow: $436,293
  • Real Estate: Not Disclosed
  • Inventory: $500
  • FF&E: Not Disclosed
  • Listing ID: #210163
  • Established: 2017
  • Employees: 3 FT, 2 PT

Business Description

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.


Business Details

Primary Business Category: Retailers - Miscellaneous
Location: New Jersey

Company Information

Year Established: 2017
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 FT, 2 PT

Financial Information

Asking Price: $2,600,000
Gross Revenue: $780,000
Cash Flow: $436,293
Inventory: $500
Seller Financing Available: No

Property Information

Facilities:

Brand new state of the art card system laundromat, long lease, all equipment is 1 year old and still under warranty

Growth & expansion opportunities:

Currently run absentee with less than 10% wash and fold, new owner can expand this business

Competition:

Little competition in this direct area

Reason for selling:

Owner moving in different direction

Support & Training:

Seller will train new buyer

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Douglas Bodner

Executive Business Brokers