Laundromat Card System

New Jersey (Passaic)

  • Asking Price: $450,000
  • Gross Income: $185,022
  • Cash Flow: $94,537
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $400,000
  • Listing ID: #203830
  • Established: 3
  • Employees: 2 F/T

Business Description

Card system laundromat built three years ago. Located in an inner-city setting in Passaic County. Owner invested in the top of the line equipment continental soft mounts. Seller owns the property and would give long-term favorable lease. Sales are trending up month after month. Seller believes 2018 sales will be up 10%. Laundromat is fully staffed and run completely absentee. Bank financing available for qualified buyers. 28% wash and fold & 72% self-service. Seller keeps meticulous numbers. 20 Washers 20 Dryers. Manager currently gets paid 30k a yr. 30k was added to bottom line profits to reflect owner operator

Business Details

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

Company Information

Year Established: 3
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 F/T

Financial Information

Asking Price: $450,000
Gross Revenue: $185,022
Cash Flow: $94,537
FF&E: $400,000
Seller Financing Available: No

Property Information


1300 sq. ft. card system laundromat, on street parking, newly renovated, long lease, $1500 RENT a month, rent all equipment continental 3 years old.

Growth & expansion opportunities:

Manager makes 30,000 a year. Manager can absorb salary to add to bottom line profits.


Little competition in area

Reason for selling:

Seller own building and is looking for a good tenant

Support & Training:

Seller will stay on to train

Contact Business Seller

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Business Listed By:

Douglas Bodner

Executive Business Brokers