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Card System Laundromat

Lehigh County, PA

Card System Laundromat
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Asking Price: $549,000

Cash Flow: $122,396

Gross Revenue: $287,616

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2016

Card System Laundromat

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Business Description

Beautiful state of the art card system laundromat currently run 100% absentee 3500 ft.² all equipment manufactured by Maytag 24 washers 31 dryers ESD card system, two years old, all Machine parts under warranty until 2022. Entire building remodeled and engineered to perfection. There is a total of 14 parking spaces. Freestanding building 15,000 car count a day that passes the Laundromat. Numbers are projected based on $24,000 per month in revenue year to date figures average 23k a month . Seller owns the building and will give a long-term favorable lease & first right of refusal. 80% self service. Seller willing to hold back financing with 300k down. Laundromat is in pristine shape spacious with plenty of natural light Located In neighborhood setting. Owner operator can substantially grow this business.

Detailed Information

Location:
Lehigh County, PA
Employees:
4
Competition:
There is competition in area but demographics warrant this business.
Growth & Expansion:
Owner could expand the wash and fold, could add pick up and delivery service as well as add some commercial accounts.
Support & Training:
Seller will stay on to train new buyer.
Reason for Selling:
Owner buying up larger strip malls
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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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