Well Established Laundromat

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This laundromat is in a active area of the city. Dynamite location. The surrounding area is littered with multiple-family homes and apartment buildings. This is a very busy location with parking. The same owner has run the business for almost 20 years. Excellent, dependable staff in place. Two of the employees have been working here 10 years+. They are currently looking for more staff to work with the current staff. The laundromat set-up is key.

Approximate square feet is 2,400. It is set up for customers to do their own laundry and for the employees to do wash and fold. The split is about 60/40. 60% being wash and fold, with the higher margins. The equipment is in great shape with very low maintenance costs through-out the year. Solid financials with returns and P&L statements. The owner works occasionally at the location. No scheduled hours per week. The reason for the sale is retirement. The owner is not offering owner financing.

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County Middlesex County, MA
Asking Price: $429,000
Cash Flow: 149,205
Gross Revenue: $5,389,757
FF&E: $110,000
Established: 2003
Agent Christopher
Listing # 70119