Coin Laundromat

Union County, NJ

Coin Laundromat

Asking Price:$220,000

Cash Flow:$67,900

Gross Revenue:$202,000

EBITDA:N/A

FF&E:N/A

Inventory:$2,000*

Established:20

*not included in asking price.

Coin Laundromat

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Business Description

This Coin Laundromat is in an inner city location with 45 washers (18 new) and 40 dyers. Majority of the equipment is 10 years old. Numbers reflect an owner operator, currently seller nets $43,350 “absentee”, Seller added back $25,000 in payroll to show for an owner operator. 25% Wash and Fold, 75% self-service. Plenty of parking, long lease in place.

Detailed Information

Inventory:
Not included in asking price
Employees:
3
Facilities:
2500 sq. ft. parking for 30+ spots; long lease; 85 machines
Competition:
There is competition in area but the demographics are good
Growth & Expansion:
Owner operator can expand wash and fold
Support & Training:
Seller will train
Reason for Selling:
Looking at other opportunities

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DOUGLAS BODNER

Business Listed By:
DOUGLAS BODNER

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Larry Bodner

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