Great Laundromat on Busy Road - 28758

Hartford County, CT
Hartford County

Asking Price: Annual Revenue:
$190,000 $172,500

Services: Dry Cleaning & Laundry

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RE: Great Laundromat on Busy Road - 28758 Broker: Syed Ahmed

Quick Facts

Asking Price: $190,000
Annual Revenue: $172,500
Net Profit: Not Disclosed
Cash Flow: $79,500
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 1957
Employees: 2
BBN Listing #: 30364447
Broker Reference #: 28757

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Business Overview:

This sixty years old laundromat is located on one of the busiest roads in Hartford. It is also situated in a very busy strip mall. As it is the only laundromat in the town, so the business is robust and stable. Rent is just $1,100 a month, with a long lease. Seller owns it for 15 years. He has a full time job, which requires him to travel a lot, throughout the country. So, he has decided to sell this highly profitable laundromat. It has 17 washers and 16 dryers: drop-off covers 40% of the sale. Interior is neat, and well-kept. A new owner can increase the revenues, by offering a pick-up service. An 80 apartments project is already under construction, which will give a real boost to the business. Do not miss this great business opportunity! Seller's net cash flow, after paying all the expenses, is over $70,000 a year. Contact Syed for more information.

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Reason for Selling:


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.

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