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Laundromat Dry Cleaner in Busy Location
Providence County, RI |
Listing #13399 |
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| Financial Information (non-confidential) |
| Asking Price |
$125,000.00 |
Gross Revenues |
$211,669.00 |
| Down Payment |
$75,000.00 |
Owner’s Cash Flow |
$30,571.00 |
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Financing: $75,000.00 Down and Balance over 3 years at 7%
Reason for Selling:retirement
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. Built from scratch only 5 years ago, all the equipment is in excellent shape. Current lease runs thru Nov. 2011 with 2 additional 3 year options. 30 Dryers, 10 Single load, 9 double load, 8 triple load, and 2 super load washers. Steady sales over the past 3 years with plenty of room to grow the business by adding commercial accounts and doing a bit of promotion. 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.
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David Cohen
Senior Business Broker
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Servicing Area:
All of MA
All of RI
All of CT
All of NH
All of NY
All of NJ
All of ME
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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller. |
1(877) 735-5224 | 24 Woodbine Ave, Suite #204 Northport, NY 11768 | vestedbb.com |
