Turnkey Absentee Laundromat In Massachusetts Staff In Place For Sale

Description

Self-service laundromat for sale in Lawrence, Massachusetts. The current owner acquired the business approximately seven years ago, completed a full renovation and now operates it with limited day-to-day involvement.

Financials

• Annual gross revenue: approximately $286,000
• Average weekly sales: approximately $5,500
• Seller's Discretionary Earnings: approximately $137,860
• Rent: approximately $3,100 per month, all-in

The weekly sales figure is broadly consistent with the stated annual revenue. Buyers should review tax returns, payment-system reports, bank statements and utility bills to confirm historical performance.

Equipment

• 22 Huebsch washers
• 14 washers replaced approximately one year ago
• 24 Speed Queen dryers
• Electronic payment system

A large portion of the washer fleet has been updated recently, while the remaining machines and dryers should be inspected for age, condition and expected replacement schedule.

Operations

Three paid employees currently handle routine operations. The owner describes the business as absentee-operated with minimal direct involvement.

Electronic payments reduce cash handling and provide transaction records that can be reviewed as part of due diligence.

Market

The laundromat serves a densely populated Lawrence market with a large renter population, supporting regular demand for self-service laundry.

Training and transition

The owner is retiring and is offering up to one year of training and support covering equipment maintenance and business management.

Due diligence

Buyers should verify revenue and SDE, lease terms, utility expenses, equipment age and ownership, repair history, employee compensation, payment-processing fees, water and sewer costs, insurance and any deferred maintenance before closing.