Return to search results

Card System Laundromat

NJ

Card System Laundromat
Contact Seller

Asking Price: $2,600,000

Cash Flow: $436,293

Gross Revenue: $780,000

EBITDA: N/A

FF&E: N/A

Inventory: $500

Rent: $9,400 /Month

Established: 2017

Card System Laundromat

Save Print Share Valuation Report

Business Description

4,000 square-foot card system laundromat 51 washers, 54 dryers (heubsch). Laundromat opened September 2017. This was a new build & installed & engineered to perfection. This card system has the latest cutting-edge technology allowing you to run your business completely remotely. This laundromat has very low operating expenses relative to the sales & works on an astonishing 55% profit margin. Machines still under warranty, sales are increasing month after month. Numbers are projected based on 15k a week, currently the store is doing 14k a week, 93% of their targeted project number. 90% self-service 10% wash & fold. Long lease available. Bank financing for qualified buyer requires 1,000,000 down. All numbers can be substantiated via card system.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,000
Lease Expiration:
N/A
Employees:
3 FT, 2 PT
Facilities:
Brand new state of the art card system laundromat, long lease, all equipment 1-year-old and still under warranty
Competition:
Little competition in this direct area
Growth & Expansion:
Currently run absentee with less than 10% wash and gold, new owner can expand this business
Financing:
20 years on lease
Support & Training:
Seller will train new buyer
Reason for Selling:
Owner moving in a different direction
Contact Seller

Contact the Seller

Contact Seller Loading

DOUGLAS BODNER

Business Listed By:
DOUGLAS BODNER

Executive Business Brokers

Show Phone Number

View My Listings


Sponsoring Broker:
Larry Bodner

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1563507 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Sculpture Hospitality

Franchise Opportunity
Cash Required: 39900