Card Laundromat,98 machines,unique turnaround/profit opportunity

East Orange, NJ (Essex County)

Card Laundromat,98 machines,unique turnaround/profit opportunity

Asking Price:$260,000

Cash Flow:$37,893

Gross Revenue:$269,779





Card Laundromat,98 machines,unique turnaround/profit opportunity

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Business Description

Absentee run, 98 machine Card Laundromat, set adjacent to a Shop Rite plaza in East Orange, NJ (directly on Main Street). Best value for this price. Don't miss this. Machines Speed Queens, 8 / 9 years old, 12 year life cycle. Kept in good repair. Less than 1% wash and fold. 24 double stacked dryers 22-20lb. Washers, 12-40lb. 10-60lb. and 6-80lb. (98 total). Soap center retail and office. 3 card changes, TV's, work tables, chairs. Office space. 4 vending machines income $600 a year. WATER IS INCLUDED IN RENT with right management in place. Laundromat can prosper going after wash and fold business & pick up/delivery of local business who use their service. For further information, please contact Robert Hinkley at 908-851-9040, Ext. 280 or 908-251-1073. OPPORTUNITY!! DON'T MISS THIS ONE.

Detailed Information

5 pt
Modern 3,600 sq. ft. Essex County Laundromat with 98 card operated machines kept in good repair. Machines are Card Speed Queens, 10 years old. Located on a Main Street near busy shopping center anchored by Shop rite. Near public transportation and numerous apartment buildings. Less than 1 % wash and fold. Soap center and retail office. Location! Location! Location!
A large card operation with great facilities to attend to a large number of customers. A bit of customer focus will go a long way. Excellent growth opportunity. Excellent location.
Growth & Expansion:
A large customer user population. Do and grow wash and fold and pick up and delivery. Dedicate effort to beautification and customer focus. A hands on dedicated owner can not only leverage an unequaled selling price but can also grow sales and profits. Don't miss this opportunity! Hands own and TLC can equal growth and profit. Complete information available for serious buyers.
Reason for Selling:
Owner is a Dr. with other business interests.

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