Card System Laundromat

Not Disclosed, NJ

Asking Price: Annual Revenue:
$2,600,000 $780,000

Services: Dry Cleaning & Laundry

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RE: Card System Laundromat Broker: Douglad Bodner
Owner Financing is Available!
Bank financing available 1 million down, the balance of 1.5 million payable over 10 years at 8.5%

Quick Facts

Asking Price: $2,600,000
Annual Revenue: $780,000
Net Profit: Not Disclosed
Cash Flow: $436,293
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2017
Employees: 5
BBN Listing #: 31842979
Broker Reference #: 6283DB

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Business Overview:

4,000 square-foot card system laundromat 51 washers, 54 dryers (heubsch). Laundromat opened September 2017. This was a new build & installed & engineered to perfection. This card system has the latest cutting-edge technology allowing you to run your business completely remotely. This laundromat has very low operating expenses relative to the sales & works on an astonishing 55% profit margin. Machines still under warranty, sales are increasing month after month. Numbers are projected based on $15,000 a week, currently the store is doing $14,000 a week, 93% of their targeted project number. 90% self-service 10% wash & fold. Long lease available. Bank financing for qualified buyer requires $1,000,000 down. All numbers can be substantiated via card system.

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Property Features and Assets:

Brand new state of the art card system laundromat, long lease, all equipment 1 year old and still under warranty.

Market Competition and Expansion:

Little competition in this direct area.

Reason for Selling:

Owner is moving in a different direction.

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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