(LEE) laundry with full service coin op with card readers

Providence, RI (Providence County)

(LEE) laundry with full service coin op with card readers
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Asking Price: $425,000

Cash Flow: $158,300

Gross Revenue: $356,000

EBITDA: N/A

FF&E: $350,000

Inventory: N/A

Established: 2000

(LEE) laundry with full service coin op with card readers

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Business Description

This is a laundry located in Providence , RI. The present owner has been operating it for 4 years. When He purchased itin 2014, he ordered new equipment from Wascomat and Electrolux.

The coin op is doing $20,000 a month and the wash/ dry/ fold service is doing $5000. The soap purchase for customer is $2000. All of the machines have the electronic card system. This system takes coins, bills, credit and debit cards. All income is track by the software.
The lottery commission is $12,000 The owner spend another $300,000 for lease hold improvements and new equipment.

The property is for sale for $365,000

Attached Documents


Detailed Information

Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
EQUIPMENT LIST: WASHERS: 12WASCOMAT CROSSOVERS 22# 6 ELECTROLUX WASHERS 50# 4 ELECTROLUX SOFT MOUNT WASHERS 60# 2 ELECTROLUX SOFT MOUNT WASHERS 90# 1 SPEED QUEEN WASHER 60# PRICE $ 1 SPEED QUEEN WASHER 50# PRICE $ 6 SPEED QUEEN WASHERS 30# 2 SPEED QUEEN TOP LOAD WASHERS DRYERS: 7 DOUBLE STACK ELECTROLUX DRYERS (14 POCKETS 2 SINGLE STACK ELECTROLUX DRYERS 75# 6 SPEED QUEEN DOUBLE POCKET DRYER (12 POCKETS) 30# 2 SPEED QUEEN DOUBLE POCKET DRYERS ( 4 POCKETS) 45# 1 SPEED QUEEN SINGLE POCKET DRYER 75# ACESSORIES 67E CARD READERS 1 E CARD TERMINAL 6 FIBERGLASS FOLDING TABLES 3 BILL CHANGER (AMERICAN) 2 (7) COLUMN SOAP DISPENSER 1 SODA VENDING MACHINE 1 CANDY & SNACK VENDING MACHINE 1 SMALL SODA VENDING MACHINE 2 FLAT SCREEN TV 10 LAUNDRY CARTS 1 SCALE 1 BOILER 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warrant, guarantee or make any representations about the same and they are subject to errors, omissions, changes or withdrawn from the market.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.
Support & Training:
Will train new buyer in the day to day operation.
Reason for Selling:
personal
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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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