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Long Established Neighborhood Laundromat
Location: United States -> Connecticut -> Meriden
Industry: Business Services > Laundry




Business Summary

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 50’s. 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.

Photos

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Long Established Neighborhood Laundromat Photo 1 Long Established Neighborhood Laundromat Photo 2 Long Established Neighborhood Laundromat Photo 3




Print Listing Id: 70095384
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Also See: Franchise Opportunities > Franchise Resales > Connecticut Businesses For Sale > Connecticut Franchises For Sale > Connecticut Business Brokers



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