COMMERCIAL LAUNDRY FOR SALE

Undisclosed Address, Narragansett, RI 02882
Business Opportunity for Sale
Catylist Listing ID: 30785045
Property Subtypes: Business Services
Building Size (RSF): 2,400 SF
Sale Price: $800,000
In Opportunity Zone? Yes
Name of Establishment: NAME OF RECORD
Business Website Address: ADDRESS OF RECORD
Franchise Parent Name: N/A
Year Business Established: 2012
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Relocatable Business: Yes
Home Based: Yes
Sale Terms: SALE OF BUSINESS, LEASE BACK LOCATION.
Last Updated: 5/18/2022

Overview / Comments

TURNKEY COMMERCIAL LAUNDRY BUSSINESS AVAILABLE IN SOUTH COUNTY... NO DEBT, (21.9% 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

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
Real Estate Lease Description: LEASE BACK FROM SELLER. APROXIMATE $3000.00 NNN PER MONTH. BUSINESS AND PROPERTY AVAILABLE, $1,375,000.00. OWNER FINANCING AVAILABLE.
Employee/Labor Description: 7 FULL TIME EMPLOYEES. SELLER WILL BE AVAILIABLE FOR TRANSITION SUPPORT.
Mgmt/Training Support Description: YES!
Competition/Market Description: RESTAURANTS AND SEASONAL RENTAL INDUSTRY. DROP OFF/ RENTAL LINEN SERVICE.
Growth/Expansion Opportunities: YES!
Seller Financing Description: POSSIBLE!

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