24 Hr Hispanic Coin Laundromat Juggarnaut

Union County, NJ

24 Hr Hispanic Coin Laundromat Juggarnaut
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Asking Price: Get Financing: $1,800,000

Cash Flow: $337,483

Gross Revenue: $833,999

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Lease Rate: $19.61 /SF/Month

Established: 2005

24 Hr Hispanic Coin Laundromat Juggarnaut

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Business Description

LOCATION LOCATION LOCATION

Well established, high powered, Latino moneymaker. Consistent earner for 13 yrs., location has produced from day one, 16k avg weekly revenue, option on property, machines all well maintained and serviced, utilities 10.6 percent with well water system, central monitoring security, WiFi. Long standing, attentive staff, fixture in the community. Opportunity to add additional washers, pick up/delivery services and institute marketing/promotional activities to grow business even further.
Self serve 73.5 percent with aggressive wash fold of 16.1 percent.

NDA/PROOF FUNDS REQUIRED

FINANCING WITH 40 PERCENT DOWN

Detailed Information

Real Estate:
Leased
Building SF:
6,500
Lease Expiration:
2/17/2038
Employees:
10
Growth & Expansion:
Unlimited
Support & Training:
During the transition
Reason for Selling:
Retiring
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Contact the Seller

(from currently available funds)
 
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Eric Feldman

Business Listed By:
ERIC FELDMAN

Feldman Brokerage and Consulting

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