Laundromat & Dry Cleaner in Busy Location For Sale

Location: Rhode Island, United States
Category: Services
Type: Established

Financials

Asking Price: $125,000
Cash flow: $211,669
Revenue: $30,571
Gross Income: Not Disclosed
Inventory: Not Disclosed
FF&E Not Disclosed
Real Estate: Not Disclosed

Business Details

Very Nice Laundromat 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.

General Information

Reason Selling: owner is retiring

Number of Employees: 3
Year Established: 2004