The Cleanery

Business Opportunity for Sale
Sale Pending/Contingent
Catylist Listing ID: 30415986
Property Subtypes: Personal
Status: Pending/Contingent
Building Size (RSF): 2 SF
Sale Price: $75,000
Name of Establishment: The Cleanery
Year Business Established: 1985
Gross Revenue: $95,441 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Seller wants to retire. Will lease back business to new owners as seller is the property owner.
Last Updated: 8/1/2019

Overview / Comments

This is a turnkey, well established coin operated laundry with washer, dryer and food services. It is fully attended. This business was established in 1985 and is family run. It is 2,304 square feet. Stone wall building located in a well known location. Business owner will also sell real estate to new owner as a package.

Additional Details

Nearest MSA: Providence-Warwick
County: Kent
Industry Segment: Coin Laundry
Reason for Selling: Retirement.
Value of Inventory Included ($): $2,000
Value of Furniture, Fixtures, and Equipment ($): $50,000
Value of Real Estate Included ($): $0
Real Estate Lease Description: This business is operated by the property owner who is flexible. He will offer new owner a favorable lease or will sell with the real estate which includes the laundry along with a 816 square foot convenient store.
Employee/Labor Description: Family run with some part-time employees.
Mgmt/Training Support Description: Owner is willing to help with the transition and will train new buyer in the management of this co-op laundry.
Growth/Expansion Opportunities: Owner can upgrade equipment to make it an absentee operation. By installing newer equipment that accepts credit cards. Also growth potential for pick up and delivery service to local clients and businesses.
Seller Financing Description: Seller would prefer cash at closing, but will consider seller financing with substantial deposit.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,179 58,230 125,653
Median Age: 39.29 41.5 42.48
Households: 5,746 24,834 50,721


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