MergerPlace

EZ Laundry & Dry Cleaning

Not Disclosed, New Jersey (Bergen)


  • Asking Price: $289,000
  • Gross Income: $268,000
  • Cash Flow: $152,817
  • Real Estate: Not Disclosed
  • Inventory: $200
  • FF&E: $190,000
  • Listing ID: #202240
  • Established: 20
  • Employees: 3

Business Description

Family owned by experience operator Took over laundromat that needed improvement. Now busy and functioning at all levels. Exceeding what was done in the past. 29 coin W 20lb/dexter new-5 30lb/15 yrs- 2-50lb -15yrs dexter new/ 10/40 lb maytag 15yrs/ 2-50lb-15yrs 24 dryers loaded cart/tables. Soap sold from counter, large boiler, change machine, drop store, next day pickup-600 hanger conveyor for drop store/large amount of w/f. Overall, sales up over 70,000for the same 7 months this year. W/F steadily increasing . 3 family members run operation. Place has no vending machines and they are allowed. Rent recently received reflected reduction in figures 10 year lease with options. Located in supermarket mall plenty parking. vending machine allowed.


Business Details

Primary Business Category: Services - Other Services
Location: New Jersey
Metropolitan Area: Not Disclosed
County: Bergen

Company Information

Year Established: 20
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3

Financial Information

Asking Price: $289,000
Gross Revenue: $268,000
Cash Flow: $152,817
FF&E: $190,000
Inventory: $200
Seller Financing Available: No

Property Information

Facilities:

1400 sq. ft. facility in large food Shopping mall only employees 3 family members. Rent reduced long lease over 10 years increasing in sales. Several new machines just purchased.

Growth & expansion opportunities:

Placing vending machine on Store

Competition:

With mall parking this is the laundromat that got new area resently sales keep going up over $10,000.00 each month.

Reason for selling:

Owner and family wish to move on

Support & Training:

Two Weeks Training

Contact Business Seller

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Business Listed By:

Vito Mastromonaco

Executive Business Brokers