Business Summary:
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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| Year
Business was Established: 3 |
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| Number of Employees:
2 F/T |
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| Facilities / Terms of Lease:
1300 sq. ft. card system laundromat, on street parking, newly renovated, long lease, $1500 RENT a month, rent all equipment continental 3 years old. |
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| Potential
Growth/Expansion:
Manager makes 30,000 a year. Manager can absorb salary to add to bottom line profits. |
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| Competition:
Little competition in area |
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| Owner
willing to finance:
Bank financing available 35% down payment required |
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| Owner
willing to train:
Seller will stay on to train |
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| Reason for selling:
Seller own building and is looking for a good tenant |
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Seller Reference Number: 6107DB
BusinessMart.com Listing Number: 220206 |
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