Innercity Coin Laundromat

Hudson County, NJ

Innercity Coin Laundromat
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Asking Price: $470,000

Cash Flow: $93,273

Gross Revenue: $288,600

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 1998

Innercity Coin Laundromat

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Business Description

Absentee Hudson County coin laundromat located in inner city setting with lots of foot traffic. 36 washers only (8) years old! 28 dryer’s new! 15-year lease available with less than 2% annual increases! With upgraded equipment sales are continuing to grow. There Are no new laundromats allowed to be built in this town!  Bank financing available 35% down payable over 7years. 66% self-service 32% wash and fold 2% other. The seller can substantiate all figures.

Detailed Information

Location:
Hudson County, NJ
Employees:
3
Facilities:
2,000 sqft laundromat, 36 washer (8 yr old) 28 dryers (new), 15 yr lease available less than 2% increase
Support & Training:
Seller will train
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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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