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Well Established Laundromat in College Town

Rhode Island (Bristol County)

Services - Drycleaning/Laundry

Asking Price $149,000 Inventory $5,000* 
Gross Income $176,000 Real Estate  
Cash Flow $41,000 Year Established 1988
FF&E $100,000* Employees 5

* included in the asking price

** not included in the asking price

PRICE REDUCED AGAIN! Seller Motivated! Well established laundromat in great area! Located in a large plaza in a college town! Absentee owners looking to relocate. Clean, well-lit facility with newer equipment. Dry cleaning drop off and commercial laundry also onsite.

Facilities: Large plaza in a college town. Clean, well lit facility. 5 year lease with 5 year option available with landlord. Some newer equipment

Competition: Business is in a prime location near a college. Limited competition in the area. Gas rates lowered at the end of last year so cash flow will be higher with lower utility bills.

Growth/Expansion: Room for expansion with commercial laundry contracts and dry cleaning drop.

Support/Training: 2 weeks training

Reason Selling: Owners looking to relocate for winters

Business For Sale By

Mia Caetano Johnson

United Brokers Group

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