Executive Business Brokers
Phone: 908-851-9040
Redone profitable laundromat
- Listing Id: 0859
- Broker Name: TED CERULLI
- Category: Dry Cleaners
- Asking Price: $180,000.00
- EBITDA: $410,445.00
- Real Estate: $650,000.00
- Cash Flow: $62,050.00
- Inventory: $600.00
- No. Of Full-Time Employees: N/A
- No. Of Part-Time Employees: N/A
- Gross Income: $92,000.00
- FF&E: $120,000.00
- Year Built: N/A
- Address: Click Here
- Zip Code: Click Here
- City: Passaic County
- State: NJ
- Country: United States
- Tenancy: Single
- Occupancy: N/A
- Lot Size: N/A
- Available: Yes
Description
Stand-alone building with 10 car parking. Maytag equipment 2 years old. 22 washers. 11/18- 6/35- 5/40. 3 year warranty left. 19 dryers 30lbs. 2 Boilers (6 months old) 100/ 50 gallon located in basement. Business keeps growing. Also has, soap, coin 2 Plasma TV’s, surveillance system. After purchase, Owner put in over 140K in new equipment and upgrading. W/F 8,500 receives 7,500 for parking rental. Sells vending from office. Does radio ads-worthless. Owner does all hours- neighbor fills in when needed. Other income salary 15,600, parking 7500, vending 2000, candy 600. No increase in rent at present.
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