Essex County Card System Laundromat
Not Disclosed, NJ Essex County
Asking Price:
$1,200,000
Annual Revenue:
$480,298
Request More Information Contact the Seller
- RE: Essex County Card System Laundromat
- Contact: Douglas Bodner
Quick Facts
| Asking Price: | $1,200,000 | |
| Annual Revenue: | $480,298 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $227,816 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 938463 | |
| Broker Reference #: | 23088DB |
Business Overview:
This is an established laundromat that was recently renovated . They shut it down and re-tooled 75% of the Machines. There are 23 washers that are original. The age is approximately 15 years old. 28% of income is wash & fold. These numbers are annualized and are super conservative forecasted projections as the stronger end of the year will bring those numbers up. Net profit is on par to do $227,816 for 2023 yr end. There is plenty of foot traffic & street parking. Keep in mind this is still relatively new store, so there’s plenty of room for growth.
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Property Features and Assets:
-3,000 square feet -street parking -Re-Opened January 2023 -long lease in place -All dryers are new wascomat, -13 washers are new wascomat -23 washers are 15 year old.
Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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