COMMERCIAL REAL ESTATE & BUSINESS

Business Opportunity for Sale
Catylist Listing ID: 30791929
Property Subtypes: Business Services
Building Size (RSF): 2,400 SF
Sale Price: $1,375,000
In Opportunity Zone? Yes
Name of Establishment: NAME OF RECORD
Year Business Established: 2012
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Relocatable Business: Yes
Sale Terms: OWNER FINANCING AVAILABLE
Last Updated: 5/18/2022

Overview / Comments

TURNKEY COMMERCIAL LAUNDRY BUSSINESS AND 2400 SQ FT COMMERCIAL BUILDING AVAILABLE IN SOUTH COUNTY... NO DEBT, (7.8% CAP RATE), $350,000.00+ IN EQUIPMENT, $50,000,00+ IN RENTAL INVENTORY, 70-80 CLIENT BOOK OF BUSINESS, 7 EMPLOYEES, 4 DELIVER VANS... LOCATION, LEASE BACK AVAILABLE... THIS COMPANY IS READY FOR THE 2022 HOSPITALITY SEASON WITH OPERATIONS PRODUCING UP TO 5000 LBS OF FINISHED PRODUCT IN AN 8 HOUR SHIFT... SELLER WILL ASSIST BUYER WITH ON SITE TRANSITION... ALL FINANCIAL INFORMATION REQUIRES AN EXECUTED CONFIDENTIALITY AGREEMENT... EASY SHOW!...

Additional Details

Nearest MSA: Providence-Warwick
County: Washington
Industry Segment: Commercial Laundry
Reason for Selling: RETIREMENT
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Real Property
Value of Real Estate Included ($): $575,000
Employee/Labor Description: 7 FULL TIME EMPLOYEES.
Mgmt/Training Support Description: SELLER WILL ASSIST DURING TRANSITION
Growth/Expansion Opportunities: YES
Seller Financing Description: 25% DOWN, 5 YEAR NOTE BASED ON A 20 YEAR TERM. RATE TBD!

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 928 13,717 26,514
Median Age: 45.98 41.56 42.86
Households: 424 5,970 11,233

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