Card System Laundromat

Essex County, NJ

Seller Financing Available
Card System Laundromat

Asking Price:$425,000

Cash Flow:$80,486

Gross Revenue:$274,518

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:4

Card System Laundromat

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Business Description

Brand-new beautiful (cci card system laundromat) 2000 ft.² all equipment is 4yrs old 20 washers 14 double stack dryers all Huebsch, New AC Unit & Boiler in great shape! Located in affluent town w/ plenty of parking walking distance from the downtown area. 55% self-service 43% wash & fold & 2% vending. 20 years on lease w/ 2% increase currently run completely absentee fully staffed & trained by the best in the business. Won't last make an offer! $80,000+ absentee net. Ideal for a family or a wife an Owner operator can eliminate some of the payroll if they step into the shoes of the employees & add back additional profits. Business can be expanded & taken to the next level by adding a delivery valet service w/ a dedicated van wrapped in the stores logo for wash & fold. The area & demographics warrant this service.

Detailed Information

Employees:
1FT 3PT
Facilities:
Brand new Card System Laundromat; 2,000 sq. ft.; 4 years old; long lease in place with plenty of parking
Competition:
Competition just closed
Growth & Expansion:
Owner operator can increase the business
Financing:
Qualified Buyer can assume current note on the equipment
Support & Training:
Seller will train buyer
Reason for Selling:
Other business opportunity

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DOUGLAS BODNER

Business Listed By:
DOUGLAS BODNER

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Sponsoring Broker:
Larry Bodner

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