(LEE) lav Laundry built 2014

Bristol County, MA

(LEE) lav Laundry built 2014
Contact Seller

Asking Price: $360,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $400,000

Inventory: N/A

Rent: $2,996 /Month

Established: 2014

(LEE) lav Laundry built 2014

Save Print Share Valuation Report

Business Description

This is a brand new laundry built in 2014. This laundry has the state of the art laundry. complete coinless electronic card system. Present owner has some commercial accounts. The laundry is open 7 days a week and the hours are 8:00am-8:00pm. Security personnel in the building.

The owner has spent over $450,000 which includes the purchase of new equipment and the total build out of the laundry. Remember Laundries built from the ground up takes few years to be profitable. If you started a new laundry expect some growing pains. This laundry just finished the growing pain and now is going to turn a profit.

There might be chance to assume the current buyer's loan. The original loan is for 10 years. Currently you are going into to 4th year. The end of this year your loan will accelerate on paying more principal than interest, which you are paying much more on principal.

Attached Documents


Detailed Information

Real Estate:
Leased
Building SF:
2,800
Lease Expiration:
2/28/2033
Employees:
3 + 1 owner
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This laundry in a large neighborhood shopping center near bus line. This 2800 sf laundry features all ADC equipment 2 ADC 80# washers, 5 ADC 60# washers, 5 ADC 40# washers, 4 LG 16# washers,8 ADC 35#double stack dryers (16 pockets),8 ADC double stack 45# dryers(16 pockets)Rowe Bill changer,8 laundry cartas, 4 folding tables,Electronic timing system doors & alarm, 6 camera security system, CCI system consist of38 card readers,, POS System computer, etc. 3 Instantaneous Rinnai tankless water heaters Also been serviced yearly. 4 additional drain pipes for additional washers CCI card reader Kiosk to add cash to card All machines still under warranty Dryer ducts professionally cleaned Nov 2017 rowe Bill changer
Competition:
This laundry is the newest in the area
Growth & Expansion:
Currently they can increase dry cleaning and pick-up and delivery
Support & Training:
The owner train the new buyer on the wash dry fold aspect and managing commercial account in the operation and management of the laundry
Reason for Selling:
personal issues
Contact Seller

Contact the Seller

(from currently available funds)
 
Contact Seller Loading

Ming Dong

Business Listed By:
Ming Dong

Lee Brokers

Show Phone Number

View My Listings

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1468219 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Re-Bath

Franchise Opportunity In MA
Capital Required: $177,400