8 Year Old Card System Laundromat 200K+ Net Clean

Essex, NJ
Essex County

Asking Price: Annual Revenue:
$1,000,000 $480,000

Services: Dry Cleaning & Laundry

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RE: 8 Year Old Card System Laundromat 200K+ Net Clean Broker: Douglas Bodner
Owner Financing is Available!
Bank financing available - SBA & third party.

Quick Facts

Asking Price: $1,000,000
Annual Revenue: $480,000
Net Profit: Not Disclosed
Cash Flow: $204,046
Total Debt: Not Disclosed
FF&E: $400,000
Real Estate: Not Disclosed
Year Established: 8
Employees: 3
BBN Listing #: 81202979
Broker Reference #: 6113DB

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Business Overview:

Tax returns show favorably and this laundromat qualifies for an SBA loan. 3,100 square feet card system laundromat 50 dryers 43 washers Huebsch 8 years old. CCI card system. This is a Destination laundromat located in inner-city with parking. seller can back into all supporting figures. 58% self-service, 30% wash n fold , 7% dry cleaning & 5% soap sales. Easy landlord to work with, he will give a long-term lease. Bank financing available for qualified buyer. this Laundromat is currently being run fully absentee.

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Property Features and Assets:

3,100 square feet card system laundromat, 93 machines 8 years old. Long-term lease available, located in strip mall with parking.

Market Competition and Expansion:

This is a destination laundromat located off busy highway. Owner operator could expand different sources of revenue stream and pick up some was and fold accounts both commercial and residential.

Reason for Selling:

Partnership dissolving.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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