Profitable Laundromat-Newer Equipment - Near West Hartford - $349,000

Seller Financing Available

This laundromat is located NEAR West Hartford.

Spacious store with almost 3100 sq. ft. with rent of approx. $3200 plus $1700 CAM or $4900 Total.

12 years left on lease.

Beautiful & well appointed store that has had many improvements. Well maintained plaza with plenty of parking too.

23 washers & 30 Dryers. Two 60 lb washers & six 50lb dryers are less than 1 year old. All other machines are approx. 9 years old.

Growing commercial Wash & Fold business presenting tremendous opportunity at $1.60 per pound. Currently doing about 1,000 pounds per week = $1600.

Vibrant self serve business over $3,000 a week.

Owner currently has 1 PT worker for 15 hours and he covers the rest an/or leaves unattended. NOTE: We built in 54 hours of full payroll and payroll tax out of the 70 hours in to the P&L so only 16 hours are being identified for owner hours and/or unattended. The P&L profit is almost $125,000 if you work the same hours as the current owner.

Sophisticated POS system that has great reporting capabilities and allows for coin, loyalty card or credit card at all machines.

All of this revenue happens in 6 days as store is closed one day a week..

Bank financing available with approx. $125,000 down at approx. 10.5%. Note: It is not seller financing.

Seller invested over $80,000 in new equipment, delivery tax and installation in last year.

Everything is here (new machines, excellent profits, good pricing, etc) for you to just come in and take over.

$375,000 slightly negotiable