Business Summary:
All figures documented by computer. Laundromat drop off/clothing boutique and building a truly valued purchase. Over all operation profit of $181,730. The most attractively assembled Laundromat a patron can enter. Resembles a nightclub in an aesthetically laid out facility and does business also kept extremely clean. Building of 4,400sq.ft well planned and laid out to work with a minimum of payroll. Facility encompasses a lounge area for wash machine users. Laundromat and clothing boutique control at Laundromat counter (minimal work force) in this environment new owner manager would never feel as if he purchased a Laundromat. Laundromat is 3,200sq.ft has gross revenues of $217,700 net cash flow 131,730 boutique 1,200sq.ft gross revenue $78,000 net cash flow of over $50,000 (everything sold at 300% markup) Owner takes salary of $30,000. Equipment list in Laundromat (machines 6months old with new full machine warranties.) All equipment Dexters. Washer 20-20lb, 4-30lb, 5-40lb, 1-50lb, 2-60lb. Dryers 18 DBL standard 35lbs, total 36 all with full extended warranties. Other internal equipment list: 2 flat screen TV, 60in and 48in, 10,000BTU instant water boiler (huge cost saver), 9 work tables, 1 soap dispenser, 1 coin changer, 2 enormous lounge chairs, 3 massage chairs, 2 personal computer hookups, 3 video games, central alarm, 14 security cameras-hooked up to various screens, 17 carriages. Plenty of equipment combined net cash flow for both businesses is over $181,000- for business selling at $495,000 a great deal less then 3 to 1 multiple and all machines have new warranties. This year after snow melt entire area had flood, owner was reimbursed $405,000 for equipment within 3 weeks from flood insurance. Building purchase price giving new owner security on investment for many years to come. Total cost $1,295,000 sold as package deal only. New owner cannot go wrong if he can afford it. For further information, please contact 908-851-9040 and ask to speak with Vito Mastromonaco at Ext 285.
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