Hot Listing

Turn Key Providence Laundromat - Prime Location in Growing Area

Asking Price$523,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$408,000

InventoryNot Disclosed

FF&ENot Disclosed

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Hot Listing

Turn Key Providence Laundromat - Prime Location in Growing Area


Asking Price$523,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$408,000

InventoryNot Disclosed

FF&ENot Disclosed

Business Description
***Requirements: Execution of Non-Disclosure Agreement (NDA) and Proof of Funds (POF) letter demonstrating prequalification required for detailed information.***


Established coin laundromat operating since 1997 in a high-traffic Providence location within a dense residential neighborhood. This turnkey opportunity includes a fully equipped laundromat with multiple streams of income, in a well-served area for college students, professionals, and many commercial accounts

***Seller financing is only eligible for buyers presenting compelling offers***

Business Highlights:
• Fully equipped coin laundromat with established customer base
• Prime Providence location on high-traffic street with dedicated parking
• Dense residential neighborhood provides consistent customer flow
• 25+ years of continuous operation – rare these days!
• Self-service, wash/dry/fold (with pickup and delivery) and dry cleaning (outsourced) create multiple ways to service the customer base
• Ample space for customers to be comfortable and staff to do WDF orders – a win-win!

Growth Opportunities:
• Expand pickup and delivery radius
• Pursue new commercial accounts
• Install credit card readers to expand payment acceptance capabilities
• Multiple revenue expansion possibilities

The current owner is retiring after successfully operating this laundromat for over a 25+ years. Post-sale support and training will be provided to ensure smooth ownership transition.


Requirements: Execution of Non-Disclosure Agreement (NDA) and Proof of Funds (POF) letter demonstrating prequalification required for detailed information.
About the Business
Years in Operation
29
Employees
3 (3 Part-time)
Facilities & Assets
Commercial Washers
Commercial Dryers
Folding Tables
CCTV / Auto Doors/Lights
Nice Seating Area - cozy for customers
Opportunities for Growth
Expand PUD radius, pursue new commercial accounts, install credit card system
Real Estate
Owned or Leased
Leased
About the Sale
Seller Motivation
Retirement
Transition Support
To ensure a smooth transition for a new owner to be off to the races!
Financing Options
Seller will consider seller financing with strong down payment terms
Listing Info
ID
2442121
Listing Views
61

Contact Seller

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Listing ID: 2442121 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.