Laundromat 20 YR. Established

Essex County, NJ

exterior
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Asking Price: $220,000

Cash Flow: $159,000

Gross Revenue: $235,000

EBITDA: $120,000

FF&E: $10,000

Inventory: $10,000

Rent: $2,666.67 /Month

Established: 1990

Laundromat 20 YR. Established

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Business Description

NOTE: Not Actual Address
.Owner Retiring. Here's a Golden oppurtunity to take over a well established profitable Laundry / Wash & Fold Business without the huge startup cost of building your own.
Owner states that with 3 part time employees he is able to generate a NOI of $120,000 +/- Annual. The lease is being re-negotiated for another 10 years. at $16.00 psf nnn
Located in a busy National Tenant Anchored Shopping Center ensures a steady customer traffic flow.
NOTE: We have multiple Retail locations with several ideal stores that would be perfect for Laundry

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
N/A
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located in a Anchored Shopping center. Good demographics, Heavy Traffic, over 180 cars parking lot, close to mass transit.
Competition:
Typical competition within demographic zone.
Growth & Expansion:
Oppurtunity to upgrade. Can increase profits if New Owner was a Owner Operator and was able to eliminate one employee.
Financing:
TBD
Support & Training:
Seller will provide transition training up to 1 month.
Reason for Selling:
Retiring
Franchise:
This business is an established franchise
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john ponczek

Business Listed By:
john ponczek

JP Reatly

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