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

EBITDA: N/A

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

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
2,800
Lease Expiration:
2/1/2023
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
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.
Competition:
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.
Financing:
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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