This Business has been Sold!
Closing Date: 11/21/2013
Broker: David Cohen

Business for Sale Summary

High Volume Laundromat - 24062

Business Type: laundromats,dry cleaning/ laundry services
Sold
High Volume Laundromat
On November 21st 2013, The Undersigned
Acted as the Advisor to the Deal
David Cohen
David Cohen Senior Broker
Servicing: Windham County CT, Kent County RI, Providence County RI, Bristol County MA, Middlesex County MA, Norfolk County MA, Suffolk County MA, Rockingham County NH
Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1(877) 735-5224 to discover the difference that is Vested Business Brokers.
This business has received 51 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $299,000 Down Payment $179,000
Gross Revenues $320,000 Lease Remaining Register Free to View
Owner’s Cash Flow $128,000 Number of FT Employees Register Free to View

Financing

$179,000 Down and Balance over 3-4 years @6%

Business Description

High volume updated Laundromat. Well Established for 25 years. Located in a busy plaza anchored by a Supermarket and Discount Dept. store. Recently updated equipment, 8 of 30 washers installed in the last 2 years, nothing else over 12 years old and all well maintained. Assumable lease in place with 3.5 years to go and a 5 year option. Landlord willing to extend. Coin-op averages $2500 per week, Wash-dry-fold $1500 per week, Dry cleaning, $1000 per week, and commercial accounts $5000 per month (no delivery). Machines are all set up to accept credit cards or coins. Store has WiFi and video surveillance. Great opportunity for someone looking for a higher volume location. Seller offering financing! Call today!

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.