Laundromat & Dry Cleaner In Busy Location For Sale
Location Rhode Island,United States
Asking Price Range < $250K
Gross Revenues $211669
Net Profit / Cash Flow $30571
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2004
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Leased
Reason for Sale Owner is retiring.
Description Very Nice Laundromat for sale offering Wash-Dry-Fold and Dry Cleaning. Located on a heavily traveled main city road. Surrounded by multi families, apartments, businesses, and a major college. Built from scratch only 5 years ago, all the equipment is in excellent shape. Current lease runs thru Nov. 2011 with 2 additional 3 year options. 30 Dryers, 10 Single load, 9 double load, 8 triple load, and 2 super load washers. Steady sales over the past 3 years with plenty of room to grow the business by adding commercial accounts and doing a bit of promotion. Value of the equipment is more than the asking price. Nice opportunity for a hands-on person to grow this business and make serious income.
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