Laundromat

Irvington, NJ (Essex County)

Seller Financing Available
Laundromat
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Asking Price: $520,000

Cash Flow: $145,000

Gross Revenue: $390,000

EBITDA: $225,000

FF&E: N/A

Inventory: $2,000*

Rent: $2.23 /SF/Month

Established: 2004

*not included in asking price.

Laundromat

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Business Description

Great location for the laundry business at the Ave, Parking at the front. Absentee owner.
Very easy to run for the family with no experience.
$50,000 spent recently to update machines. Weekly sales of $7500 is no problem without any wash and fold service. Bank financing possible.
Utility $3100/m. Water bill shows about $3000/m. Wages $4200/m.

Only for the serious and qualified buyers. Please contact.....
Text:201 328 4324 or Email: brokerleo@hotmail.com

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
1/23/2032
Employees:
2ft 2pt
Facilities:
42 washers and 42 dryers in great shape. 2800sf . Very low rent as $6950/m including all Tax and Cam. 15 years lease. 3% increase annually.
Competition:
Not much.
Growth & Expansion:
Wash and fold service is not active but will bring more clients if started.
Financing:
some possible if qualified.
Support & Training:
The seller will hand over all the needs for the new owner.
Reason for Selling:
Retire.
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Contact the Seller

(from currently available funds)
 
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Leo Yeo

Business Listed By:
Leo

NYNJ Business,LLC.

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