Beautiful Laundromat - 22863

Business Type: laundromats,dry cleaning/ laundry services

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Providence County, RI

On April 1st 2013, The Undersigned
Acted as the Advisor to the Deal

David Cohen Senior Broker

Servicing: All of MA
All of RI
All of CT
All of NH
All of NY
All of NJ
All of ME

508.863.9768

dcohen@vestedbb.com

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Financial Information (non-confidential)

General Information
Asking Price	$105,000	Down Payment	$55,000
Gross Revenues	$211,188	Lease Remaining	Register Free to View
Owner’s Cash Flow	$34,796	Number of FT Employees	Register Free to View

Financing

$55,000 Down and balance over 4 years @ 6%

Business Description

Very Nice Laundromat offering Wash-Dry-Fold and Dry Cleaning. Located on a heavily traveled main city road. Surrounded by multi families, apartments, businesses, and a major college. All equipment new when opened 9 years ago. 30 Dryers, 10 Single load, 9 double load, 8 triple load, and 2 super load washers. Steady sales over the past 5 years with plenty of room to grow the business by adding commercial accounts and doing a bit of promotion. Business does have a website and is ranked #1 for laundromat searches in the area on Google, Facebook and yelp. Value of the equipment is more than the asking price. Nice opportunity for a hands-on person to grow this business and make serious income.

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.