Turnkey Laundromat
Providence, RI
Asking price
$225,000
Machines
—
Cap rate
—
Price / machine
—
About this property
Here is a rare opportunity to enter the laundromat industry at an accessible price point with strong cash flow. This self-service laundromat is a straightforward, easy-to-operate business — ideal for a hands-on owner-operator looking to build equity in a proven, recession-resistant industry. With no complex inventory, no perishables, and a simple cash-based model, this is one of the cleanest entry points into small business ownership available today. Why This Business Works for You The laundromat industry is one of the most reliable in small business — customers need clean clothes regardless of the economy. This location offers a low barrier to entry at $295,000 with significant upside for a motivated owner who is present and engaged. An absentee model this is not — but for the right hands-on buyer, the rewards of running a tight, community-serving operation are well within reach. Transaction Requirements This is a cash-only transaction. No seller financing will be considered. Serious inquiries only — all interested buyers must provide proof of funds (POF) for the full $225,000 and execute a Non-Disclosure Agreement (NDA) prior to receiving any financial details or scheduling a site visit.
All details
Figures are transcribed from the source listing as published. “Source page last checked” is when our crawler last fetched that page — it is not a check of the financials and not confirmation from the broker.
| Asking price | $225,000 |
|---|---|
| First seen by UnitListed | Sep 6, 2026 |
| Source page last checked | Sep 13, 2026 |
Before you call the broker
10 things are not disclosed on this listing. These are the questions that would close the gap — specific to a laundromat, not a generic list.
Net operating income — not disclosed
What is the trailing twelve-month NOI, and what does it include and exclude?
The single number a lender will size debt against. Ask what is excluded — management fees and reserves are the usual omissions.
What period the financials cover — not disclosed
Are these figures trailing twelve months, last calendar year, or projected?
A projected stabilised NOI and a current operating NOI can differ by a third, and both get called "NOI".
Gross income and operating expenses — not disclosed
Can you share a trailing twelve-month profit and loss, with the expense lines itemised?
NOI alone hides whether income is high or expenses are being under-reported. The split is what you underwrite.
Reason for sale — not disclosed
Why is the owner selling, and how long have they held it?
Never published on a listing, always worth knowing. Retirement and a looming capital bill are very different situations.
Whether real estate is included — not disclosed
Does this sale include the building, or is it the business with a lease?
Most of the value in a laundromat purchase. The audit is right that sources almost never publish it.
Lease terms — not disclosed
What is the remaining lease term, the rent, the escalations and the renewal options?
A business-only purchase with three years left on the lease is buying three years. This is the number that decides the deal.
Machine count, age and mix — not disclosed
How many washers and dryers, what capacities, what age, and are any leased?
Equipment at end of life is a six-figure replacement. Leased machines are a liability that transfers.
How revenue is evidenced — not disclosed
How is revenue documented — card system reports, tax returns, or owner estimates?
A largely cash business needs evidence beyond a seller spreadsheet. What you can verify is what you can finance.
Utility cost and who pays — not disclosed
What do water, gas and electricity cost annually, and are any included in the rent?
The largest operating expense in a laundromat, and the one most often understated.
Whether the figure is SDE or NOI — not disclosed
Is the income figure seller discretionary earnings or net operating income?
SDE includes the owner salary; NOI does not. Treating one as the other overstates what you can pay by a wide margin.
Asking price — disclosed
Currency of the asking price — disclosed
What has changed
Every date below is when we observed a change, not when it happened. We first saw this listing on Sep 6, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Sep 6, 2026First seen by UnitListed
The asking price has not changed across any of our observations.