Business Overview:
Slightly more than 6 months old. Absentee run Laundromat, 5 plus year warranty on all machines still left. Equipment 19-30lb Huebsh washers, 4 Dexter SOLB washers, 9 DBL 30lb Huebsh Dryers (18). Equipment note of 47,000 transferable. Place is compact in safe area of Union County- no competition near by. All equipment necessary to do a full service operation, figures represented are for 12 months of operation net cash flow would be $49,000 on a $94,000 gross income. Presently doing $1,200 weekly. Business is increasing still at a rapid rate. Luncheonette next door (same building) empty giving possibility of future expansion. At present rate of growth Laundromat should show 55,000 net cash flow by end of 12 month period total investment be 53,000 with assumption of $47,000 equipment note and seller financing $25,000.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Brand new facility less than 8 months old over 5 years left on equipment warranty.
Market Competition and Expansion:
Competition
In safe area of Union County, single family and apartment houses in area.
Expansion
This new Laundromat expandable into empty luncheonette located next door in same building
Reason for Selling:
Completely absentee owner now in restaurant business
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: