Hot Listing
Under Agreement-Two Absentee Laundromats
Business Description
Two absentee laundromats for sale has Package. The sellers profit is between $85,000 and $90,000 per year. Verification through the sellers documentation is available.
Seller is retiring!
Fantastic city locations with great traffic!
These are coin stores with majority of the units having point of sale, credit card acceptance.
The equipment is mixed ages and according to the seller the majority of the pieces being less than 10 years old.
This is a very rare opportunity! Absentee laundromats are in extreme high demand and very difficult to find. Seller keeps very good books and records, and has a great reputation in the industry.
This listing will NOT qualify for an SBA loan. The seller’s Tax returns will not be available for review. He has other businesses within his return therefore he will not be disclosing the return.
There are industry lenders that may loan on this project that typically require 35% down
Seller is retiring!
Fantastic city locations with great traffic!
These are coin stores with majority of the units having point of sale, credit card acceptance.
The equipment is mixed ages and according to the seller the majority of the pieces being less than 10 years old.
This is a very rare opportunity! Absentee laundromats are in extreme high demand and very difficult to find. Seller keeps very good books and records, and has a great reputation in the industry.
This listing will NOT qualify for an SBA loan. The seller’s Tax returns will not be available for review. He has other businesses within his return therefore he will not be disclosing the return.
There are industry lenders that may loan on this project that typically require 35% down
About the Business
- Facilities & Assets
- There are two absentee laundromats, included in this transaction.
One is approximately 800 ft.² and the other one is approximately 1200 ft.². The leases will outline specifically.
Both locations have automatic door locks, and automatic lights.
The seller has daily cleaning done by others - Market Outlook / Competition
- Both locations are city locations with the majority of the customers coming from within each respective neighborhood
The seller has not done any significant marketing campaigns - Opportunities for Growth
- The equipment is due for price increases compared to local competition
A new owner could continue to operate as absentee or add wash dryer and fold services at one or both locations
Real Estate
- Owned or Leased
- Leased
About the Sale
- Seller Motivation
- The seller is retiring.
- Transition Support
- Seller will assist in all aspects of training keep in mind, these businesses are run absentee
- Financing Options
- At this time, the seller is not interested and offering financing
Listing Info
- ID
- 2419087
- Listing Views
- 891
Listing ID: 2419087 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.
Businesses for SaleMassachusetts Businesses for SaleMassachusetts Personal Product & Service Businesses for SaleMassachusetts Coin Laundry & Laundromat Businesses for Sale
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