Long Established Neighborhood Laundromat

Location: United States -> Connecticut -> Meriden
Industry: Business Services > Laundry

Large (3,000 sf) modern self-service coin laundry business for sale. 32 washers / 40 dryers. Fully attended. Very well established, store has been in place since the 50s. Location is excellent for coin laundry. This is a great opportunity for either the first timer or experienced operator. Long term lease in place. Currant owner is running absentee. Staff in place and hoping to stay on. Very loyal customer base, ample parking and well maintained efficient equipment. With a mix of equipment up to 75Lb capacity. Multiple income streams from wash / dry / fold, snacks, soda, arcade, games over counter sales. Some owner financing for qualified buyer. Perfect family opportunity, family run expect $60-70k. A must see for anyone interested in cash business. Email or call broker at 860-995-9326.

Financials

Asking Price Range: < $250K
Gross Revenues: $155,000
Cash Flow: $65,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $185,000
Seller Financing: Yes

About The Business

Year Established: 1955
Number of Employees: 4 – 5
Relocatable: No
Franchise: No
Current Real Estate: Leased
Property: Property For Sale

About The Sale

Management Training and Support: 2 weeks or what is needed.
Reason For Selling: Divorce and owner relocating out of state.