High Volume -Unattended/Absentee Laundromat-NEAR Waterford-Southern NJ

Waterford, NJ
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Asking Price:$297,500
Gross Revenue:$190,000
Cash Flow:$90,000
Rent:$3,820
BUSINESS DESCRIPTION

Owner has been here for over 30 years and has done very well with this store. You don't see too many stores under same ownership for 30 years.

The store has been here for over 65 years. Very strong and stable customer base.

This store is fully absentee and unattended.

Auto-lock doors & lights.

OPPORTUNITY:::This laundromat DOES NOT do any wash & fold or PUD. This is a great opportunity for someone who wants to go that direction to further increase revenue and profits. Or, just run the store unattended the way it is and still make money.

Cleaning person comes in once per day from 9-10PM to clean.

Located in busy and well appointed plaza.

Coin-Op Store doing about $3500 a week in coins on average.

New LED lighting.

35 Washers & 29 dryers - Range from 2 to 30 years old.

Approx. 2400 sq. ft. Rent of $3270 plus CAM = $550 = $3820 Total

Lease has 19 months left but Landlord will work with buyer for 10 year lease.

Approx. revenue $185,000 - $195,000.

Approx. $90,000 Net Income/Cash flow. THIS STORE MAKES MONEY.

CASH OFFER ONLY- NO FINANCING


DETAILED INFORMATION
Location
Waterford, NJ
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,400
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John
M. Bedosky
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John M. Bedosky