Laundromat Established profitable Newer equipement Strong finiancials

Providence County, RI

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Asking Price: $399,900

Cash Flow: $85,000

Gross Revenue: $360,000


FF&E: $233,500

Inventory: $2,000*

Rent: $3,600 /Month

Established: 2013

*not included in asking price.

Laundromat Established profitable Newer equipement Strong finiancials

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Business Description

Great Location, Absentee, Corner lot, Coin Card, WDF, and Dry Cleaning

Great Laundromat in a Busy location. Great visibility and loyal clientele. A laundromat has existed in this location for over 50 years. Lots of upgrades and improvements over the years. Longterm well trained and managed employees.

Detailed Information

Not included in asking price
Real Estate:
Building SF:
Lease Expiration:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Full equipment list available. (12) Horizon Softmount washers (8) LG Softmount Washers (8) Huebsch 40lb Washers 1-5 years old, (7) 60lb Huebsch Washers 1-5 years old (15) ADC 30lb Dryers, (6) Huebsch 45lb Dryers 1-5 years old, (1) Huesch 75lb Dryer 5 years old. (63) Card reader devices on equipment, (1) CC terminal for card readers, (4) Coin exchangers refurbished within last year. Newer heating and hotter system 5 years old. iPad electronic based POS system.
Great market with corner location and lots of high rises and multi families. Average competition. 2 other laundromats within 1 mile.
Growth & Expansion:
Wash Dry Fold (Pickup and Delivery). The biggest opportunity is to grow a Pickup and delivery based operation. Commercial account business growth.
Current loan for 100K could take over.
Support & Training:
Will train during a 2 week period and provide 60 days support
Reason for Selling:
Other interests and financial investing. Real estate Development
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Business Listed By:
Richard Coelho

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