Services - Drycleaning/Laundry | Services - Other Miscellaneous services

Asking Price	$74,000	Inventory
Gross Income	$280,000	Real Estate
Cash Flow	$66,300	Year Established	1979
FF&E	$300,000*	Employees	7 ft/pt

* included in the asking price

** not included in the asking price

Two well established and profitable laundromats located in a midsized Connecticut city. The first has been in operation for approximately 30 years and the other for 15 years. Each of the clean and well maintained laundromats is situated in an easily accessible strip shopping center. Proactive management conducts ongoing marketing and customer satisfaction programs. The coin operated washing/drying machines generate 50% of gross revenue. The balance is generated by a wash/dry/fold service, a dry cleaning service and lottery profits. Dry cleaning is performed by a subcontractor. This is an excellent opportunity for an owner/operator or for a person who wants to add two profitable and self sustaining locations to an existing laundromat business.

Facilities: Each facility is clean and well maintained. Management conducts a preventive maintenance program to insure reliability and long life of equipment. Space is well utilized and customer friendly. Each facility has a long term lease.

Competition: Eash location is the dominant laundromat in its market area. Both enjoy an excellent reputation. They actually attract customers from neighborhoods outside their market area.

Growth/Expansion: Each facility is capable of continued growth. The equipment is in good condition and capable of greater capacity. Management provides a wash/dry/fold service for seven commercial accounts. The company has an excellent reputation for wash/dry/fold and there is potential for further growth. The demographics in the area are conducive for continued steady growth in the coin operated business.

Support/Training: The staff is well trained and customer oriented. Turnover is low. The current owners will remain as long as necessary to insure a smooth transition for the new owner.