Laundromat Card System

Passaic County, NJ

Laundromat Card System
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Asking Price: Get Financing: $450,000

Cash Flow: $94,537

Gross Revenue: $185,022

EBITDA: N/A

FF&E: $400,000

Inventory: N/A

Established: 2015

Laundromat Card System

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Business Description

Card system laundromat built three years ago. Located in an inner-city setting in Passaic County. Owner invested in the top of the line equipment continental soft mounts. Seller owns the property and would give long-term favorable lease. Sales are trending up month after month. Seller believes 2018 sales will be up 10%. Laundromat is fully staffed and run completely absentee. Bank financing available for qualified buyers. 28% wash and fold & 72% self-service. Seller keeps meticulous numbers. 20 Washers 20 Dryers. Manager currently gets paid 30k a yr. 30k was added to bottom line profits to reflect owner operator

Detailed Information

Employees:
2 F/T
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1300 sq. ft. card system laundromat, on street parking, newly renovated, long lease, $1500 RENT a month, rent all equipment continental 3 years old.
Competition:
Little competition in area
Growth & Expansion:
Manager makes 30,000 a year. Manager can absorb salary to add to bottom line profits.
Support & Training:
Seller will stay on to train
Reason for Selling:
Seller own building and is looking for a good tenant
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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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