Chloe Sowers
Jersey City, NJ (USA)
Role(s):
laundromat
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Startup
Location:
Jersey City
Industry:
Investing
Year Founded:
2006
Number Employees:
INVALID
Description:
Investment Opportunity - Laundromat, $257k, 74% - 161% ROI
I need a cash partner for this laundromat deal. The owner has a large debt to family and church and is motivated. It is located in Crown Heights, Brooklyn, NY. There is a lot of room for expansion.
The proposed structure of the deal is for an investor to put up the money while I put up the time and management and carry out the vision to improve revenue, while splitting the profits 50%/50%. A minimum of the original investment will go back to the investor. After three years, the business will be sold and the profits will go back to the investor.
Purchase Price: $355k
Gross: $300k
Expenses: $203k
NET: $96k
Debt: $31k
Cashflow: $65k
Split Cashflow: $32k
Yield before improvements: 12.5%
After Improvements (internet,