(LEE)Laundry $79,000 Providence /ideal for beginner

Providence, RI (Providence County)

(LEE)Laundry $79,000 Providence  /ideal for beginner
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Asking Price: $79,000

Cash Flow: N/A

Gross Revenue: $130,000

EBITDA: N/A

FF&E: $79,000

Inventory: N/A

Rent: $1,600 /Month

Established: 2000

(LEE)Laundry $79,000 Providence /ideal for beginner

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Business Description

Business Description
This laundry located on a main street in Providence very busy area. the store is approximately 1500 sq. The hours are from 8:30am 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warrant, guarantee or make any representations about the same and they are subject to errors, omissions, changes or withdrawn from the market.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 Below this

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Attached Documents


Detailed Information

Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
5/31/2026
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1500 sf laundry corner location with great visibility. extra storage in basement with parking in rear. EQUIPMENT::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:
Owner can upgrade by installing newer equipment, pick and delivery service for local businesses in the area..
Support & Training:
Owner will tain new buyer in management of the business.
Reason for Selling:
The owner is retiring
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Contact the Seller

(from currently available funds)
 
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Ming Dong

Business Listed By:
Ming Dong

Lee Brokers

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