Business For Sale

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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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