New Laundromat Urban Area
Location New Jersey,United States
Asking Price Range $250K - $500K
Gross Revenues $117000
Net Profit / Cash Flow $65000
Cash Flow Type EBITDA
Seller Finance No
Year Established 2005
Number of Employees 4 - 5
Inventory 260000
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training Yes.
Reason for Sale Husband company relocating.
Description Opened september 2005 laundromat have ten 20lb, eighteen 40lb, two 60lb huebsch washers, and seventeen double stacked huebsch dryers. The laundromat is fully computerized and equipped w/two touch talking screen VTMs, which is the card system, instead of coins. Two flat screen TVS w/state of the art security surveillance system w/ability to view over web. Water heating system contains five Rinnai tankless boilers that heats water as needed and is avle to heat up to 180,000 gallons at one time. Improvements that can be made by new owners: Dry cleaning, extended opening & closing hours, NJ lottery and pick up/drop of wash dry fold service/dry cleaning.
First full year opened net gross $117,000 not including inventory or wash dry fold net gross. As of June 2007 there has been a 15% increase from 2006. Asking price is $550,000. or best offer w/owner/employee training and two week phone support. If interested in purchasing I may be reached at (908)-392-5398. Email or call for more information on this laundromat for sale.
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