HS Listing ID-71692
Annual Figures:
Gross Revenue: $286,000
SDE: $130,060
Expenses:
Payroll: $72,800
Rent/Taxes/Water: $37,200 ($3,100 a month)
Electric: $10,800
Gas: $19,800
Insurance: $4,800
Phone: $3600
Repairs & Maintenance: $6,000
Water: $7,800
Business Highlights
Absentee Operation with Electronic Payments: Self-service laundromat that runs on an absentee basis with minimal owner involvement — paid staff handle daily operations, and the owner’s only hands-on role is occasional minor maintenance. A modern electronic payment system is in place, streamlining transactions and supporting reliable sales tracking. Well suited to a buyer seeking passive or semi-passive cash flow.
Established 7-Year Ownership with Proven Turnaround: Owner has held the business for seven years. He acquired it in poor condition, spent roughly the first year fully renovating and repositioning it, and has operated it as a stable, revenue-generating laundromat in the years since — giving a buyer a meaningful, established operating track record rather than an unproven concept.
Consistent Revenue: Generates $5,200–$6,200 in weekly sales (averaging ~$5,500/week), for an estimated $280,000–$300,000 in annual gross revenue, with steady year-round demand.
Strong Seller’s Discretionary Earnings (SDE): Approximately $130,060 in annual SDE, reflecting strong owner-benefit cash flow for a largely absentee operation.
Verifiable Sales Data: A LaundryWorks electronic payment and management system tracks all sales, giving a buyer real, system-recorded revenue figures to validate during due diligence rather than relying on estimates alone.
Equipment: 22 Huebsch washers and 24 Speed Queen double-stack dryers (48 drying pockets) — both well-regarded commercial laundry brands. Fourteen of the washers were installed approximately one year ago, with the remaining eight at roughly twelve years old. The recently replaced majority of the wash floor, combined with a strong dryer count, provides reliable capacity and reduced near-term capital expenditure on most machines.
Staff in Place: Three paid, non-family employees handle daily operations, providing continuity and a functioning team for a buyer to inherit without building from scratch.
Owner-Handled Maintenance & Knowledge Transfer: The owner personally handles minor maintenance and has deep machine-repair expertise. He has committed to training the buyer for a minimum of one year on maintenance, operations, and business management — a rare transition benefit that helps keep outside service costs down and protect margins post-sale.
Prospective Lease Terms: The landlord plans to offer a qualified buyer a monthly rent rate of $3,100 a month all in and a strong lease term.
High-Density Urban Market: Located in Lawrence, MA — a densely populated city with a strong renter-majority demographic, the core customer base that drives consistent, repeat laundromat demand year-round.
Reason for Sale: After seven years of ownership, the owner is nearing retirement and looking to sell, while retaining the underlying real estate as a long-term investment asset.
A SIGNED CONFIDENTIALITY AGREEMENT IS REQUIRED FOR THE EXACT LOCATION
