Laundromat with in Strip Mall with Parking

Essex County, NJ

Coin Laundromat-Strip Mall
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Asking Price: $495,000

Cash Flow: $160,000

Gross Revenue: $405,600

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $2.43 /Month

Established: 2004

Laundromat with in Strip Mall with Parking

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Business Description

Coin Laundromat in Strip mall with Parking
Rent: $7200 with Cam and Sewer Charge , Lease:14 Years
Current Weekly: $7800 - $8500
Machines are all updated(90%)- Bearing and Housing,
Payroll:$980/Week, Elec:$3000, Water: $3000/M, Insurance:$3000
Cable:$184/M Garbage:$173/M Alarm:$360, Tax: 400 Supply for Vending machines: 14,400, Repair and Maintenance:$12,000 Accountant:$100/M

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,800
Lease Expiration:
5/31/2032
Employees:
3
Facilities:
2800 SF, Heavy Traffic and Heavy Foot Traffic Area, 40 Washer, 42 Dryers: Newer Dryers(24)- Two years old, Washer- 85% Updated- housing and bearing - well maintained, Two year Boiler, Water Heater- 100 Gallon
Competition:
Situated in Heavy Car Traffic and Foot Traffic Area with mall parking spaces
Growth & Expansion:
Adding Wash & Fold Service for local community
Financing:
NO
Support & Training:
2 Week Training Available
Reason for Selling:
Personal Family Reason
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(from currently available funds)
 
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ERIC SUH

Business Listed By:
ERIC SUH

Young Star Realty, LLC

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