Unattended Profitable Laundromat - Neal Lowell MA - $235,000

Lowell, MA
listing image
Asking Price:$225,000
Gross Revenue:$125,000
Cash Flow:$55,000
Rent:$2,000
BUSINESS DESCRIPTION

This laundromat is located NEAR Lowell MA.

Spacious store with almost 1500 sq. ft. at $2000 per month. Landlord will do a new 10 year lease.

46 washers and dryers on main floor ranging in age from 2012 to 2022 on average. Seller is unsure of the age of the dryers.

There is an additional 13 machines (3 washers & 10 Dryers) on lower level. Total is approximately 59 machines.

Well appointed plaza and store.

Auto locks & auto lights so can be run unattended.

Currently run unattended but can convert to attended and build a wash & fold business.

Store has a few washers and dryers (older) in a separate area downstairs that would be ideal for a wash & fold business or Pick Up Delivery (PUD) service area.

Great opportunity at this price with newer equipment and great opportunity to grow wash & fold business or leave unattended.

$235,000 Cash Offers Only - No Financing. Slightly Negotiable.


DETAILED INFORMATION
Location
Lowell, MA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,500
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John
M. Bedosky
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John M. Bedosky