About This Listing Upscale Laundromat Wash N Fold
Large price reduction on this beautiful wash n Fold Laundromat in nice area of Essex county. Thriving strip mall with other busy stores located in the area. Tons of parking and excellent frontage on the main road/street. The laundromat is 28 washer and dryers within the location. The equipment is in excellent condition. They business has been restored top to bottom within the last 3 years. Everything is new and looks gorgeous when you walk through the doors. Tons of room to expand here.
Owner work the business about 6-8 hours a week. If owner worked the laundromat 35.40 hours a week, Net Cash Flow would be approximately $55,000. No tax returns. Laundromat is 80% cash. No credit card swipers on washer and dryers. A new owner could add those. Buyer can verify numbers through cash out with current owner. Excellent lease in place. This laundromat is a gem. Experienced staff in place.
Financial Info Upscale Laundromat Wash N Fold Essex
Asking Price: $125,000
Gross Revenue: $150,000
Monthly Lease: $2,300