Business Overview:
This laundromat is located in the heart of colleges in Boston. There are dormitories only one block away ideal for student wash/dry/fold service. The store is only 3 years old. The store hours are 6am-11pm, 7 days a week . The wash/fold service and dry cleaning pick up hours are 8am-7pm. This store is on the lower floor with a elevator no need to climb the stairs.
Gross sales: coin laundromat $82,000; wash/dry/fold $60,000, w/d/f other $15,000, wholesale accounts $20,000, dry cleaning $8,000, soaps $3,000. Total income: $188,000. Operating Expenses: rent $54,000, electric $18,000, gas $21,600, water $19,200, supplies/soap $5,700, insurance $1,400, telephone $1,000, repairs $1,500. Total operating expenses before payroll is $103,200. Net Before payroll is $84,800.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
FF&E of $100,000 is included in the asking price.
Equipment: 15 Maytag washers, 9 Dexter triple loaders, and 9 double pocket dryers (18 pockets).
Market Competition and Expansion:
Competition: Since this is a densely populated area of students, there are a few nearby. This is the newest of all the stores.
Growth/Expansion: The business can be expanded by getting more wash & fold service from the nearby students
Reason for Selling:
Other interests.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: