Business Summary:
Slightly more than 6 months old. Absentee run Laundromat, 5+year warranty on all machines still left. Equipment 19-30lb Huebsh washers, 4 Dexter 50lb washers, 9 DBL 30lb Huebsh Dryers (18). Equipment note of 47k transferable. Place is compact in safe area of Union County- no competition near by. All equipment necessary to do a full service operation, figures represented are for 12 months of operation net cash flow would be $49,000 on a $94,000 gross income. Presently doing $1,200 weekly. Business is increasing still at a rapid rate. Luncheonette next door (same building) empty giving possibility of future expansion. At present rate of growth Laundromat should show 55,000 net cash flow by end of 12 month period total investment be 53,000 with assumption of $47,000 equipment note and seller financing $25,000. For further information, please contact 908-851-9040 and ask to speak with Vito Mastromonaco at Ext 285.
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