(LEE) lav Laundry built 2014

Bristol County, MA

(LEE) lav Laundry built 2014
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Asking Price: $360,000

Cash Flow: N/A

Gross Revenue: N/A


FF&E: $400,000

Inventory: N/A

Rent: $2,996 /Month

Established: 2014

(LEE) lav Laundry built 2014

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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:
Building SF:
Lease Expiration:
3 + 1 owner
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
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
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
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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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