MergerPlace

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

Facilities:

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.

Competition:

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

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