Turnkey Absentee Laundromat In Massachusetts Staff In Place For Sale

Description

This self service laundromat in Lawrence, Massachusetts operates absentee with electronic payments and minimal owner involvement, generating approximately two hundred eighty six thousand dollars in annual gross revenue and one hundred thirty seven thousand eight hundred sixty dollars in seller's discretionary earnings. Weekly sales average fifty five hundred dollars. The owner acquired the business seven years ago, fully renovated it, and has run it as a stable operation. Equipment includes twenty two Huebsch washers, fourteen replaced about a year ago, and twenty four Speed Queen dryers. Three paid employees handle daily operations. The owner provides a minimum of one year training on maintenance and management. Rent is thirty one hundred dollars per month all in. The densely populated renter majority market drives consistent demand. The owner is retiring after seven years.