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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