Profitable laundromat - price reduced

Billerica, MA (Middlesex County)

Profitable laundromat - price reduced
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Asking Price: $65,000

Cash Flow: $18,000

Gross Revenue: $85,000

EBITDA: N/A

FF&E: $70,000

Inventory: $200*

Rent: $3,120 /Month

Established: 1990

*not included in asking price.

Profitable laundromat - price reduced

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Business Description

Great opportunity to buy a profitable mid size laundromat with a loyal customer base. Located in a small strip mall with parking and next to a recently renovated large shopping area with major tenants. Includes 21 washers (mostly IPSO) plus 20 total dryers - including 10 double stack ADC dryers and 2 extra large dryers. Also 2 new vending machines Opportunities to increase revenue by increasing hours - add wash/dry/fold - take in dry cleaning, Currently is absentee run. Owner puts in 4-5 hours a week.

Motivated seller

Detailed Information

Location:
Billerica, MA
Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
1,800
Lease Expiration:
3/13/2024
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
1800 sq ft, 20 dryers (10 stack of ADC dryer), 2 big ADC dryers, 15 X 18 LBS washers, 6 X 35 LBS washers and 2 X 50 LBS washers. ISPO
Competition:
limited, only 2 more laundromats in town
Growth & Expansion:
Opportunity for expanding wash , dry and fold business, enough space for adding more relative merchandise.
Support & Training:
2 weeks
Reason for Selling:
Absentee owner
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Business Listed By:
Mansih Shah

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