About This Listing Upscale Laundromat Wash N Fold

This laundromat is located in an excellent area of Essex County MA. Thriving strip mall with other busy stores located in the area. Tons of parking and excellent frontage on the main road/street. The laundromat is 28 washer and dryers within the location. The equipment is in excellent condition. They business has been restored top to bottom within the last 3 years. Everything is new and looks gorgeous when you walk through the doors. Tons of room to expand here.

Owner work the business about 6-8 hours a week. If owner worked the laundromat 35.40 hours a week, Net Cash Flow would be approximately $55,000. No tax returns. Laundromat is 80% cash. No credit card swipers on washer and dryers. A new owner could add those. Buyer can verify numbers through cash out with current owner. Excellent lease in place. This laundromat is a gem. Experienced staff in place.

Financial Info Upscale Laundromat Wash N Fold Essex

Asking Price: $149,000
Gross Revenue: $150,000
EBITDA: $55,000
Monthly Lease: $2,300
FF&E: $100,000
Inventory: N/A
Established: 1994