200k profit absentee Laundromat

Bergen County, NJ

Seller Financing Available
200k profit absentee Laundromat

Asking Price:$1,050,000

Cash Flow:$200,000

Gross Revenue:$500,000

EBITDA:N/A

FF&E:$600,000

Inventory:$300*

Rate/Sq. Ft.:N/A

Established:N/A

*not included in asking price.

200k profit absentee Laundromat

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Business Description

This 3500 sq ft Laundromat was engineered to perfection with over 90 machines all manufactured by heubsch. This is a new start up Laundromat geared for the absentee owner. Fully staffed surveillance cameras in place as well as the equipment are all card system. 20 year lease in place plenty of parking. This store is projected to net 200k +/-. There is financing available for a qualified buyer with 40% down. This store was built brand new 8 months ago and is projected to gross between 8k and 10k a week machines are all under warranty for another 2 years. NUMBERS REFLECTED ON THIS SHEET ARE BASED ON 10K A WEEK CURRENTLY THIS STORE IS DOING OVER 7K A WEEK AFTER ONLY 8 MONTHS!!!

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building Sq. Ft.:
N/A
Lease Expiration:
N/A
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Newly built, 3,700 sq. ft., Card System Laundromat with 90 machines and plenty of parking. There is a long term lease in place. There is 2 years left on warranty parts.
Competition:
There is competition in the area however the demographics warrant the Laundromat
Financing:
This Laundromat is pre-approved for bank financing @ 7% over 7 years
Support & Training:
Seller will train Buyer

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DOUGLAS BODNER

Business Listed By:
DOUGLAS BODNER

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Sponsoring Broker:
Larry Bodner

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