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Fully Self Service Laundromat For Sale Growth Opportunity For Sale

New London, Connecticut, US
Asking Price:
$149,999 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Not applicable
Cash Flow:
Not applicable

HS Listing ID-39897

Located in shopping center with ample parking available in direct vicinity of major brands.

Seller recently increased the SQ FT from 1915 SQ FT to 3,595 SQ FT.

Lots more room to add new machines, drop off and or delivery service.

Perfect Retool Opportunity, location needs 60 LBS & 80 LB machines.

26 Washers (Wascomat), 32 Dryers (Speed Queen).

Fully self service location requiring minimal involvement.

Full basement with brand new water tank.

Only 2-3 employees primarily for cleaning, store is unattended.

Currently 9 years on lease, landlord will add another 10 years on top (19 years total).

Well established in this location since the 1990’s.

Currently operating 6am – 10pm, this should be a 24 hour laundromat.

A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION

Property Information

Real Estate:

Lease

Leasehold Rent:

$69,600 per annum

Premises Details:

Fully self service location requiring minimal involvement. 3597 Sq Ft.

Size in square feet:
3,597

Business Operation

Expansion Potential:

Currently operating 6am - 10pm, this should be a 24 hour laundromat.

Competition / Market:

Well established in this location since the 1990's.

Reasons for selling:

Other business interests.

Years established:
25

Other Information

Support & training:

Yes.