MergerPlace

Card System Laundromat

New Jersey (Middlesex)


  • Asking Price: $550,000
  • Gross Income: $366,706
  • Cash Flow: $102,132
  • Real Estate: Not Disclosed
  • Inventory: $500
  • FF&E: $400,000
  • Listing ID: #202362
  • Established: 8
  • Employees:

Business Description

State-of-the-art 4000 square-foot card system laundromat 50 washers 52 dryers all manufactured by speed queen 7 years old!!. Located in a busy inner city foot traffic setting; completely automated surveillance camera accessible from smart phone automatic doors card system etc. An owner’s touch could really increase sales and profits as the current owners run the laundromat 100% absentee. Bank financing for qualified buyer. Added back $19,000 to bottom line to reflect a semi owner operator replacing 30 hours a week in payroll. Call Doug today to take a tour. Sellers can demonstrate all financials. Landlord will extend lease.


Business Details

Primary Business Category: Services - Other Services
Location: New Jersey
County: Middlesex

Company Information

Year Established: 8
Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $550,000
Gross Revenue: $366,706
Cash Flow: $102,132
FF&E: $400,000
Inventory: $500
Seller Financing Available: Yes

Property Information

Facilities:

4,000 sq. ft. Laundromat with 102 machines card system; Landlord willing to extend lease; all equipment is 8 years old

Growth & expansion opportunities:

Demographic warrant this business and there is competition in area; Laundromat is run completely absentee and a new owner can increase business

Reason for selling:

Other business ventures

Support & Training:

Seller will train 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