Laundromat Card System

Passaic, NJ
Passaic County

Asking Price: Annual Revenue:
$450,000 $185,022

Services: Dry Cleaning & Laundry

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RE: Laundromat Card System Broker: Douglas Bodner

Quick Facts

Asking Price: $450,000
Annual Revenue: $185,022
Net Profit: Not Disclosed
Cash Flow: $94,537
Total Debt: Not Disclosed
FF&E: $400,000
Real Estate: Not Disclosed
Year Established: 3
Employees: 2
BBN Listing #: 14172979
Broker Reference #: 6107DB

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Business Overview:

Card system laundromat built three years ago. Located in an inner-city setting in Passaic County. Owner invested in the top of the line equipment continental soft mounts. Seller owns the property and would give long-term favorable lease. Sales are trending up month after month. Seller believes 2018 sales will be up 10%. Laundromat is fully staffed and run completely absentee. Bank financing available for qualified buyers. 28% wash and fold & 72% self-service. Seller keeps meticulous numbers. 20 Washers 20 Dryers. Manager currently gets paid 30k a yr. 30k was added to bottom line profits to reflect owner operator

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Property Features and Assets:

1,300 square feet card system laundromat, on street parking, newly renovated, long lease, $1,500 RENT a month, rent all equipment continental 3 years old.

Market Competition and Expansion:

Little competition in area. Manager makes 30,000 a year. Manager can absorb salary to add to bottom line profits.

Reason for Selling:

Seller own building and is looking for a good tenant.

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.

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