Brand New Profitable Laundromat

Bergen County, NJ

Seller Financing Available
Brand New Profitable Laundromat

Asking Price:$649,000

Cash Flow:$102,993

Gross Revenue:$252,000

EBITDA:N/A

FF&E:$850,000

Inventory:$1,000*

Established:N/A

*not included in asking price.

Brand New Profitable Laundromat

Get Financing Save Print Share Valuation Report

Business Description

Entire brand new mall with very attractive new laundromat; very long lease run completely absentee; now profitable with sales still increasing at a fantastic rate; new customers each day; weekly sales still climbing at anticipated fantastic pace; 30% of business wash and fold; place can utilize space for drop off cleaners/pick-up delivery none in area; newest equipment all under warranty; water analysis system place has all the latest innovations; coin/card system with all extras 7 plasma TV’s top of gadgets of what is available; 2 boilers Electrolux, 2 bathrooms, 2 offices all equipment Electrolux (top of line);
36 washers, (8)62lbs, (12)45lbs, (16)20lbs, dryers 38 all Electrolux, (30)35lbs and (8)55lbs; no change in prices since place opens 14 years and 10 months ago; opportunity for buyers new or experienced with new growing laundromat; laundromats generally peaks out in 4th year giving this place at least 2 more years of growth; this place is drawing its business from run down older equipment laundromats that are close by; more than ½ mile in one direction; a mile in opposite direction; mall parking with good array of business in mall laundromat does have play area; NO BUYER IS TO SPEAK TO ANY OF HELP AS THEY ARE NOT AWARE OF SALE BY OWNER; make good offer, make inquiry as to seller- email will be given; all employees are on book.

Detailed Information

Inventory:
Not included in asking price
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Ahead of this time; all equipment the newest and best 2,800 sq. ft.; very good lease 18 years with easy addition; mall parking; every piece of equipment less than 2 years of use with warranties
Competition:
This place’s growth is from closest laundromats that are older with outdated equipment in need of constant repair.
Growth & Expansion:
Right now passage of time will enhance all aspects of business; dry cleaning will go and so will pick up and delivery; game machines and lottery can give it an extra push;
Financing:
Owner would accept $399K in financing from strong buyer; payout time negotiable howev
Support & Training:
2 weeks
Reason for Selling:
Absentee owner travels too far to get to place

Listing Statistics for Premium Members

Ad#:1258835 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Vito Mastromonaco

Business Listed By:
Vito Mastromonaco

Executive Business Brokers

Show Phone Number

View My Listings


Sponsoring Broker:
Larry Bodner

Find out more...

Get more details about this business.


Similar Listings


College Hunks Hauling Junk and Moving

Franchise Opportunity
Capital Required: $95,500