Business Summary:
The main reason for lack of success at this Laundromat is lethargic owner. Not connected to present time does little wash/fold and drop because he knowingly doubles industry going rates. Plenty of room for improvement has space to put in second business (luncheonette, hotdog stand, convenience). Coin op 107 machines, 54 dryers, and various sizes including two 80 pound washers. Free standing spacious building with 19 parking spaces. Place is gorgeous however, management not connected to present time. Owner will guarantee machines to be in working order. Any buyer who operates and puts experience to increase volume will generate increase in profit to bring this entity to a net cash flow to approx. $150,000. Owner should know how to operate large Laundromat. For further information, please contact Thomas Mastromonaco at 908-851-9085 Ext. 271 or at 732-551-7295; email: [email protected]
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| Year
Business was Established: 1983 |
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| Number of Employees:
2 |
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| Facilities / Terms of Lease:
Large well kept facility with room to expand or add secondary business (convenience store, luncheonette, food mart). Ample parking on site and street parking. New owner was right to negotiate lease. |
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| Potential
Growth/Expansion:
Yes. Anybody with commonsense and knowledge can increase business by twice as much. |
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| Competition:
This is largest Laundromat in area |
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| Owner
willing to finance:
None |
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| Owner
willing to train:
Owner will educate during due diligence period. |
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| Reason for selling:
Lack of interest, present owner 80 % |
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Seller Reference Number: 4176tm
BusinessMart.com Listing Number: 140056 |
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To request more information
on this business
please fill out the form shown right 
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