Two Desirable Laundromats 32194

Not Disclosed, MA
Norfolk County

Asking Price: Annual Revenue:
$68,000 $100,000

Services: Dry Cleaning & Laundry

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RE: Two Desirable Laundromats 32194 Broker: Robert Accetta

Quick Facts

Asking Price: $68,000
Annual Revenue: $100,000
Net Profit: Not Disclosed
Cash Flow: $21,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 75264447
Broker Reference #: Not Disclosed

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Business Overview:

This is for TWO laundromats in the same town, 5 minutes from each other. Listing price/revenue/cash flow is for BOTH laundromats. Owners have other professional interests and need to sell. Is run mostly absentee only spending a few hours every other day to clean and empty coins from machines.

One laundromat located on the corner of a strip mall on the main, well traveled street. Open 5 AM- 9:30 PM - self service and auto locking door. Has 19 washers and 20 dryers. Rent $2,115 pm, with 4 1/2 years remaining on lease is 1,000 square feet.

Laundromat # 2 located in a strip mall with major tenants . Open 5 AM - 11 PM, self service and auto locking door. Has 16 washes and 15 dryers. Rent is $1,684 per / month with 6 years remaining on lease and is 800 square feet.

These laundromats are located in a town with lost of apartments. Opportunity to add wash/dry/fold. Also not doing any marketing. Add vending machines to increase revenue.

Make an offer today and pay off this investment in a few years as an absentee owner.

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Additional Details:

  • The property is owned.
  • The owner is not 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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