Services - Drycleaning/Laundry

Asking Price	$175,000	Inventory	$3393*
Gross Income	$105,115	Real Estate
Cash Flow	$31,684	Year Established	1950
FF&E	$115,000*	Employees	1

* included in the asking price

** not included in the asking price

One of the oldest continuius businesses on the island, this coin operated laundromat needs a person to take it over, advertise it, add to the services, and increase the $38,000 cash takehome to double that. It may be possible to refinance the debt and add another $12,000 profit to the bottom line before closing. Wow! A little more than $40,000 over the debt assumption or refinance and you have $100,000 in dollar bills and change.

Facilities: Downtown Winslow, commuter demographics, established (40+ year old) and reputable laundromat in 2007 produced an abundant cash flow at 5 times earnings before interest taxes depreciation and appreciation (5 times EBITDA). Call 1-888-210-1979 (Ext. 2091) for a fax on demand with CPA prepared financials. The dryers are 2-1/2 years old; the loans ($133,000) are possibly assumable, long-term lease renewable or move the business.

Competition: Only laundromat on the island

Growth/Expansion: Wash and fold business could be expanded with advertising. Vending machines could be added.

Financing: 133000

Support/Training: 30 days training provided