Business For Sale

(LEE) Laundry built 2014 card /coin new system

Not Disclosed, MA
Bristol County


Asking Price: Annual Revenue:
$360,000 Not Disclosed

Services: Dry Cleaning & Laundry


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RE: (LEE) Laundry built 2014 card /coin new system Broker: Ming Dong

Quick Facts

Asking Price: $360,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2014
Employees: 3
BBN Listing #: 918131418
Broker Reference #: lav

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Business Overview:

This is a brand new laundry built in 2014. This laundry has the state of the art laundry. complete coinless electronic card system. Present owner has some commercial accounts. The laundry is open 7 days a week and the hours are 8:00am-8:00pm. The owner has spent over $450,000 which includes the purchase of new equipment and the total build out of the laundry. Remember Laundries built from the ground up takes few years to be profitable. If you started a new laundry expect some growing pains. This laundry just finished the growing pain and now is going to turn a profit.

There might be chance to assume the current buyer's loan. The original loan is for 10 years. Currently you are going into to 4th year. The end of this year your loan will accelerate on paying more principal than interest, which you are paying much more on principal.

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Property Features and Assets:

This laundry in a large neighborhood shopping center near bus line. This 2,800 square feet laundry features all ADC equipment 2 ADC 80# washers, 5 ADC 60# washers, 5 ADC 40# washers, 4 LG 16# washers,8 ADC 35#double stack dryers (16 pockets),8 ADC double stack 45# dryers(16 pockets)Rowe Bill changer,8 laundry cartas, 4 folding tables,Electronic timing system doors & alarm, 6 camera security system, CCI system consist of38 card readers,, POS System computer, etc. rowe Bill changer.

Market Competition and Expansion:

Currently they can increase dry cleaning and pick-up and delivery.

Reason for Selling:

Personal.

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.

Documents:

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