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





*not included in asking price.

Brand New Profitable Laundromat

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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

Not included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
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
This place’s growth is from closest laundromats that are older with outdated equipment in need of constant repair.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;
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

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Vito Mastromonaco

Business Listed By:
Vito Mastromonaco

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Larry Bodner

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