4,000 sqft Bergen Coin Laundromat

Bergen County, NJ

4,000 sqft Bergen Coin Laundromat
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Asking Price: Get Financing: $360,000

Cash Flow: $91,983

Gross Revenue: $260,000

EBITDA: N/A

FF&E: N/A

Inventory: $500

Established: 1998

4,000 sqft Bergen Coin Laundromat

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Business Description

This is a must see Bergen County coin laundromat, over 4000 ft.² 34 washers & 55 dryers (14) 20lb Washers are brand new. Long lease in place plenty of parking brand new apartment complexes just built. 64% self-service, 11% dry cleaning, 3% soap sales, 22% w/f. Laundromat is currently run absentee with two full-time and two part-time employees. Numbers reflected show for an owner operator We added back the highest paid employee to the bottom line cash flow 19,769 to show for an owner-operator profit. currently, Owners realize a profit of $72,214 absentee

Detailed Information

Inventory:
Included in asking price
Employees:
2 F/T
Facilities:
4,000 sqft plenty of parking 34, 29 dryers, long lease
Competition:
Little competition area
Growth & Expansion:
Owner could expand into commercial accounts and pick up the wash and fold
Support & Training:
Seller will train new buyer to assure a smooth transaction
Reason for Selling:
Exiting the business
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(from currently available funds)
 
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DOUGLAS BODNER

Business Listed By:
DOUGLAS BODNER

Executive Business Brokers

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Sponsoring Broker:
Larry Bodner

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