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UNDER AGREEMENT Profitable Commercial Laundry Plus retail Laundromat

Plymouth County, MA
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Asking Price:$2,250,000
Rent:$52,000/Year
Cash Flow:$600,000
Established Year:1995
Listing ID: 2285243Listing provided by BizBuySell
BUSINESS DESCRIPTION

This is a VERY Profitable Commercial Laundry with a retail laundromat was started in 1995 by the current owner. It is described as having High Efficiency Equipment in both its front store laundromat as well as the rear Commercial laundry. Having strong, newer and well running equipment gives this operation an edge on the competition.
The Laundromat offers Self Service and Fluff and Fold service for its retail walk-in customers. The washer and dryers are set up with a state of the art Credit Card Acceptance System directly at each machine. This system is very user friendly for customers and makes record keep very comprehensive for the operator.
The Laundromat offers the typical snack, soda and soap supply machines for customer convenience.
The store differentiates itself with its Large capacity washers.

The Commercial Laundry operation is strong and it also highly profitable. They service commercial linen users as well as individual residential pick up and delivery customers.
This processing plant services customers through boston and the south shore.
The reputation is outstanding due to it high quality standards, cleanliness, superior equipment and dedication to customer needs at the both the retail and commercial levels.
The business is fully staffed by Non-family employees.
The Pick up and Delivery service is run out of 6 company owned Vans that are included in the selling price. All laundry equipment (washers & dryers etc) are all included in the selling price.

For a Confidential document to receive addition business information:
Email: bradspink1@gmail.com
Call Brad Spink directly at 781-856-7794

DETAILED INFORMATION
Location
Plymouth County, MA
Inventory
Included in asking price
Real Estate
Leased
Building SF
4,500
Facilities
This operation occupies approximately 4500 square feet. There is a large parking lot for retail customer in front of the store and rear entrance from deliveries and van parking. The owner has expressed that the landlord would extend the lease beyond it's current terms. This extremely clean and well laid out laundry/laundromat is an excellent example of what the industry standard should be.
Competition
The laundromat and commercial laundry business as a whole is very strong. Through the pandemic it was recognized as Necessary business to remain open and was heavily replied upon. The future should continue to prove strong for the laundry industry.
Growth & Expansion
Growth and Expansion for the commercial laundry industry is and always has been about sales and marketing. If done right, the focus should be on which industries are the most profitable and easiest to process.
Financing
The financials are strong and detailed. Financing should be attainable with 35%down
Support & Training
The seller will assist in all aspects of the transition from customer introductions, equipment and production processes, to scheduling and beyond.
Reason for Selling
THE OWNER IS RETIRING. After starting and operating the business since 1995.
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Brad Spink
Oxford Business Brokers, Inc.
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Brad Spink
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