Coin-Operated Laundromat
Location Rhode Island,United States
Asking Price Range < $250K
Gross Revenues $290313
Net Profit / Cash Flow $75313
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1994
Number of Employees 4 - 5
Inventory 100000
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training As needed.
Reason for Sale Other businesses; moving.
Description Established Coin-Operated Laundromat and Commercial Laundry facility for sale in busy shopping plaza. Revenues exceed $293,000 with profits of +$70,000. Well lit, great location, equipment less than 5 years old including new boiler (1 year old). Significant growth potential for owner/operator, or by adding dry cleaning or marketing existing commercial laundry to marinas and other hotels. Seller is creative and will sell coin-op separate from commercial laundry; will hold up to $30,000 for credit worth buyer. Owner is rarely onsite and is selling because he is moving out of state.
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