LAUNDRY PROVIDENCE AREA $79,000 ideal for beginner

Providence, RI (Providence County)

LAUNDRY PROVIDENCE AREA $79,000 ideal for beginner
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Asking Price: $79,000

Cash Flow: $70,000

Gross Revenue: $120,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $1,500 /Month

Established: 2000

LAUNDRY PROVIDENCE AREA $79,000 ideal for beginner

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Business Description

This laundry located on a main street in Providence very busy area. the store is approximately 1500 sq. The hours are from 8:00am to 8:00pm seven days a week. They offer wash dry and fold service and is fully attended. The family works the business. This can be upgraded with newer equipment and can be converted to absentee. This needs some minor repairs. The business is sold as is and as seen.

Cash flow is before any wages of employees. The salary will depends on how many hours the owner want s to work.

This information was obtained from the seller.
The broker does not certify, warrant, guarantee or make any representations about the same and they are subject to errors, omissions, changes or withdrawn from the market. The broker represents the seller in this transaction. The buyer must use due diligence to verify this information. This is SALES PURPOSE ONLY

Pleas complete the NDA before we can discuss this business. .

Attached Documents


Detailed Information

Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
5/30/2026
Employees:
2
Facilities:
1 Speed Queen 45# washer,8 Speed Queen 18# washers, 3 Speed Queen top load washer,3 Wascomat WS630 35# front load washers,3 Speed Queen front load washers,1 Maytag top load washer,6 IPSO stack 30# dryers (12 pockets),6 ADC stack dryers (12 pockets), Speed Queen single pocket 40# dryer, American change machine, Vendrite 8 slot soap dispenser, NEW hot water tank, miscellaneous folding tables and laundry carts.
Growth & Expansion:
If you want to expand this business. You can add pick-up and delivery service to local hair salons, small restaurants, health clubs, etc.
Financing:
none
Support & Training:
Will train new buyer in management of operation
Reason for Selling:
retiring
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(from currently available funds)
 
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Ming Dong

Business Listed By:
Ming Dong

Lee Brokers

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