Very Successful Laundromat - 7091 Business Type: laundromats,misc. retail/non-classifiable
Acted as the Advisor to the Deal
Financial Information (non-confidential)
| General Information | |||
|---|---|---|---|
| Asking Price | $50,000 | Down Payment | $50,000 |
| Gross Revenues | $104,000 | Lease Remaining | Register Free to View |
| Owner’s Cash Flow | $43,000 | Number of FT Employees | Register Free to View |
Financing
$50,000 Down and Flexible
Business Description
Absentee-owned, very successful laundromat in urban, downtown area of major NJ city. Been in business 7 years (current owner almost 3 years). Drop off is approximately 15% of business (but increasing, especially among NYC commuters); rest is coin. Washing machines: two 50 lb machines; seven 35 lb machines; six 18 lb machines. Has 16 stacked driers (30 lb each). Has standard change machine (holds approx $2k in quarters); soda machine is owned by bottler, but all income goes to owner; also has detergent machine. Good, safe, stable neighborhood. Lots of steady, repeat customers. Opportunities to expand: could do deliveries, commercial accounts, dry cleaning dropoffs. Has 5 1/2 years left on lease.
Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.
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