MergerPlace

Card System Laundromat

Pennsylvania (Lehigh)


  • Asking Price: $650,000
  • Gross Income: $287,616
  • Cash Flow: $122,396
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #213608
  • Established: 3
  • Employees: 4 P/T

Business Description

Beautiful state of the art card system laundromat currently run 100% absentee 3500 sqft all equipment manufactured by Maytag 24 washers, 31 dryers ESD card system, two years old, all machine parts under warranty until 2022. Entire building remodeled and engineered to perfection. There is a total of 14 parking spaces. Freestanding building 15,000 car count a day that passes the Laundromat. Numbers are projected based on $24,000 a month in revenues, numbers are continuing to grow. Seller owns the building and will give a long-term favorable lease & first right of refusal. 80% self service. Bank financing available with 35% down. Laundromat is in pristine shape spacious with plenty of natural light, located in neighborhood setting. An owners touch can substantially grow this business.


Business Details

Primary Business Category: Services - Other Services
Location: Pennsylvania
County: Lehigh

Company Information

Year Established: 3
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4 P/T

Financial Information

Asking Price: $650,000
Gross Revenue: $287,616
Cash Flow: $122,396
Seller Financing Available: No

Property Information

Growth & expansion opportunities:

Owner could expand the wash and fold, could add pick up and delivery service as well as add some commercial accounts.

Competition:

There is competition in area but demographics warrent this business.

Reason for selling:

Owner buying up larger strip malls

Support & Training:

Seller will stay on to 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:

Larry Bodner

Executive Business Brokers