42 card machine laundromat near Providence Rhode Island
Business Description
Fully-attended laundromat with wash-and-fold and delivery service, open 7 days a week in a 1,600 SF location.
Business Highlights:
• Current owner acquired May 2025; Projected to reach $240K gross revenue and $50-$55k cash flow for full-year 2026
• Wash-and-fold drop-off: 14,000 lbs and $18,000 in revenue Jan 1 – Jul 24, 2026
• Delivery van included in sale; currently generating only $1,000–$1,500/month with minimal, part-time delivery — real upside with a dedicated driver
• Handful of commercial accounts already in place
• Room to grow through marketing (prior Google Ads ran early on but have since stopped)
Equipment:
• 42 Continental Card machines total: 21 washers (7 new) and 23 dryers (10 new)
• Remaining machines are 6–9 years old
• Laundroworks POS for self-service; Cents POS for wash-and-fold
Staff:
• 1 full-time employee, 10-year tenure
• 2 part-time employees
• Weekly payroll: $1,400
• Owner works remotely; ~10 hours/week on-site for payroll and cash pickup
Lease:
• 1,600 SF, no basement
• Base rent $1965. With taxes/CAM total rent is $2,613/month
• 9-year lease with 5-year option
Business Highlights:
• Current owner acquired May 2025; Projected to reach $240K gross revenue and $50-$55k cash flow for full-year 2026
• Wash-and-fold drop-off: 14,000 lbs and $18,000 in revenue Jan 1 – Jul 24, 2026
• Delivery van included in sale; currently generating only $1,000–$1,500/month with minimal, part-time delivery — real upside with a dedicated driver
• Handful of commercial accounts already in place
• Room to grow through marketing (prior Google Ads ran early on but have since stopped)
Equipment:
• 42 Continental Card machines total: 21 washers (7 new) and 23 dryers (10 new)
• Remaining machines are 6–9 years old
• Laundroworks POS for self-service; Cents POS for wash-and-fold
Staff:
• 1 full-time employee, 10-year tenure
• 2 part-time employees
• Weekly payroll: $1,400
• Owner works remotely; ~10 hours/week on-site for payroll and cash pickup
Lease:
• 1,600 SF, no basement
• Base rent $1965. With taxes/CAM total rent is $2,613/month
• 9-year lease with 5-year option
About the Business
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,600
Listing Info
- ID
- 2541224
- Listing Views
- 13
Listing ID: 2541224 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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