Laundromat for Sale (Under Contract)

Smithfield, RI (Providence County)

Seller Financing Available
Laundromat for Sale (Under Contract)
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Asking Price: $155,000

Cash Flow: $60,000

Gross Revenue: $160,000

EBITDA: N/A

FF&E: N/A

Inventory: $500

Rent: $1.05 /Month

Established: 2009

Laundromat for Sale (Under Contract)

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Business Description

Full service coin operated laundromat for sale. Offering Wash/dry/fold and pick up service. Voted best laundromat in RI by the Projo for 2017 and was voted runner up in 2016.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,800
Lease Expiration:
N/A
Employees:
2
Facilities:
16 speed queen 30lb pocket dryers, 2-60lb speedqueen washers, 4-40lb speedqueen washers, 4-30lb speedqueen washers, 8-Horizon front loaders, 3 column soap vending machine, 2 column bill changer, Natco energy efficient water heater, All equipment was purchased brand new in 2010.
Competition:
Voted best laundromat in RI for 2017 and runner up in 2016 in the projo’s “Best of” competition.
Growth & Expansion:
The store needs an owner who can work there. Perhaps someone who wants to retire from corporate America or a spouse that wants to leave the rat race and start something of their own. The lease is very favorable and the landlord keeps everything in good order and is easy to deal with.
Financing:
Willing to finance the right buyer
Support & Training:
I will help in any way I can to ensure a smooth transition.
Reason for Selling:
I own another business that takes all my time.
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Business Listed By:
Henry Pozzuoli

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