Business For Sale

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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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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