Business For Sale

New Laundry Built in 2015 w/Dry Cleaning Pick Up

Norfolk County, MA
Norfolk County


Asking Price: Annual Revenue:
$225,000 $175,000

Services: Dry Cleaning & Laundry


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RE: New Laundry Built in 2015 w/Dry Cleaning Pick Up Broker: Ming Dong

Quick Facts

Asking Price: $225,000
Annual Revenue: $175,000
Net Profit: Not Disclosed
Cash Flow: $85,000
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 2015
Employees: Not Disclosed
BBN Listing #: 646731418
Broker Reference #: 1424038

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Business Overview:

This is a new laundry built in 2015.
The laundry is coin-op self service with dry cleaning pickup drop.
The size is 1,500 square feet with laundry and dry cleaning each having separate entrance.
The dry cleaning and laundry service area can be closed while the coin-op laundry can be open later hours.
There is an automatic door open and closed system in place in the laundry. The door opens and closes automatically.
Note: cash flow is what the owner will earn working those hours himself.

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Property Features and Assets:

1,500 SF Lease Rate: $26.80 /Year Located in an upscale town. The hours open for full laundry and dry cleaning service is as follows: Monday to Friday 7:30 am to 7:30 pm Saturday 9:00 am to 6:00 pm Sunday 10:00 am to 5:00 pm Equipment for the drop store: Royal Western computer with sofeware, Epson ticket printer, US Blind stitch sewing machine, Brother Commercial sewing machine, Brother Overlock sewing machine, automatic garment conveyor, bagger. Equipment for the Laundry: 6 Wascomat double stack dryers (12 pockets), 12 Wasomat 22# washers, 1 Wascomat 45# washer, 1 Wascomat 30# washer, service counters,scale, Vendrite 4 slot soap dispenser,1 Standard coin changer, Natco boiler, assorted wire laundry basket and folding tables, etc. Note: All sales information is furnished by the seller, broker does not certify, warrant, guarantee or make any representations about the same and subject to errors, omission, prior sale, or withdraw from market without notice. The Broker represents the seller in this transaction. THIS IS FOR SALES PURPOSE ONLY.

Market Competition and Expansion:

There are some competition in a dense area population. This is the newest and cleanest of all of them. The price of the machines can be raised. The new machine speeding up the laundry process and drying time saving you the cost on drying time.

Reason for Selling:

Semi-retiring.

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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