Laundromat

Passaic County, NJ

Seller Financing Available
Laundromat
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Asking Price: $600,000

Cash Flow: $134,000

Gross Revenue: $300,000

EBITDA: $195,000

FF&E: N/A

Inventory: $2,500

Established: 2013

Laundromat

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Business Description

Very low cost business, free well water, Rent is only $4800 for 4100sf with 1000sf basement. Brings in 22% capitalization rate. Easy to run. The owner will prove all the numbers after the price is agreed. If family is working together, will net $200,000. per year. Opens from 6AM to 11PM.
If interested, please text 201 328 4324 or email:brokerleo@hotmail.com
Only for the qualified buyers with proof of funds.

Detailed Information

Inventory:
Included in asking price
Employees:
2
Facilities:
100 washers and dryers, Wascomat card use. Only 5 years young machines. Rent is just $4800. Size 4100 sf with 1000 sf basement. FREE well water. Free standing building with ample parking.
Competition:
Not much
Growth & Expansion:
Whole sale and pick up and delivery will be more helpful to raise the sales.
Financing:
some possible if qualified
Support & Training:
New owner will hand over all the needs for the smooth transition.
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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