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Turnkey Laundromat Opportunity with Strong Revenue Potential

Providence County, RI

Asking price
$299,000
Cash flow
$53,000
Revenue
$240,000
Multiple
5.6×

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About this business

This established laundromat in Providence County, Rhode Island, is projected to generate $240,000 in gross revenue for 2026, with an estimated cash flow of $50,000 to $55,000. The business offers wash-and-fold and pickup/delivery services, processing around 14,000 lbs. of laundry. It features modern card-operated equipment and has a lease with 9 years remaining plus a 5-year renewal option. Rent costs are approximately $1,965 per month, totaling about $2,613 including taxes and CAM. Currently operated with one full-time employee, the owner dedicates roughly 10 hours weekly on-site, managing operations remotely. There's significant growth potential through delivery services and digital marketing. A 2019 Ram ProMaster City van and a comprehensive equipment package are included in the sale. Financial details are seller-provided and should be verified by buyers during due diligence. A signed confidentiality agreement is required for the exact location.

Details

Real estateLeased
Employees3
Reason for saleOther business interests
LocationProvidence County, Rhode Island

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